carton of calendars for $$16\mathrm{.}50.$

Read the requirements

The monthly sales needed to earn $$308,000$ in operating income is

Requirement $3.$ Prepare the company's contribution margin income statement for June for sales of $495,000$ cartons of calendars.

Spirit Rock

Contribution Margin Income Statement

Month Ended June $30$

Requirement $4.$ What is June's margin of safety $($in dollars$)?$ What is the operating leverage factor at this level of sales?

Begin by determining the formula.