Check my work 1 1 Menlo Company distributes a single product. The company's sales and expenses for last month follow: 100 points Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 302,000 211,400 90,600 74,400 $ 16, 200 Per Unit $ 20 14 $ 6 eBook Print References Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Req 3B Reg 4 Reg 5 What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Mc Graw Hill Prev 1 of 1 Next > Check my work 1 Net operating income $ 16,200 100 points Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? eBook Print References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Req 3B Req 4 Req 5 Without resorting to computations, what is the total contribution margin at the break-even point? Total contribution margin Mc Graw Hill Check my work 1 Net operating income $ 16,200 100 points Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? eBook Print References Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req Req 3B Req 4 Reg 5 How many units would have to be sold each month to attain a target profit of $36,600? Units sales needed to attain target profit Mc Graw Hill Check my work 1 1 100 points Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? eBook Print References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Req 3B Reg 4 Req 5 Verify your answer by preparing a contribution format income statement at the target sales level. Menlo Company Contribution Income Statement Total Per Unit ( Req 3A Req 4 > Mc Graw Hill Mc Graw Hill Prev 1 of 1 HH Next Check my work 1 100 points Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $36,600? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? eBook Print References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Req 3B Req 4 Reg 5 What is the company's CM ratio? If the company can sell more units thereby increasing sales by $84,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? % CM ratio Net operating income increases by Hill