also find margin saftwy ratio %, value expense per unif, contribution margin ratio amd break even point

13.32/33.3 E Question Question 2 of 3 view Policies Question Accounting or show Attempt History Current Attempt in Progress Viewing Question 2 Accounting Mu Lorge Corporation has collected the following information after its first year of sales Sales were $2,875,000 on 115,000 units; selling expenses $250,000 (40% variable and 60% fixed): direct materials $1,655,900; direct labor $250.000; administrative expenses $270,000 (20% variable and 80% fixed); and manufacturing overhead $343,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year, Question 3 Accounting Mul (a) Your answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year $ 575000 Contribution margin for projected year $ 632500 (2) Fixed costs for current year $ 468900 estion 2 OT 3 13.32/33.3 Your answer is correct. Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to 1 decimal place eg.0.5 and final answers to decimal places, eg. 2,510.) 93780 units Break-even point Break-even point 2344500 e Textbook and Media Attempts: unlimited (c) X Your answer is incorrect. The company has a target net income of $150,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income $ 3234000