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Can you help me with the following question? Cullumber Corporation has collected the following information after its rst year of sales. Sales were $2,000,000 on

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Can you help me with the following question?

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Cullumber Corporation has collected the following information after its rst year of sales. Sales were $2,000,000 on 100,000 units, selling expenses $210,000 (40% variable and 60% xed), direct materials $498,000, direct labor $600,200, administrative expenses $280,000 (20% variable and 80% xed), and manufacturing overhead $374,000 [70% variable and 30% xed). 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 yeah (a) V You r answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the xed costs for the current yea r. (Assume that xed costs will remain the same in the projected year.) (1) Contribution margin for current year $ 500000 Contribution margin for projected year $ 550000 (2) Fixed Costs $ 462200 \fnLLuuana. own 9 uauu (C) The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income $

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