Complete the questions with the steps please

Do Homework - eva yousif - Personal - Microsoft Edge X https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667839&questionld=3&flushed=false&cld=6253128¢erwin=yes Acct 1090 - Prof. Edwards - Late Start Fall 2020 eva yousif & | 11/11/20 11:52 AM Homework: Week Five: Chapter 4 (managerial) Homework Problem Save Score: 2.65 of 3 pts 3 of 5 (5 complete) HW Score: 84.24%, 12.64 of 15 pts x PM4-56A (similar to) Question Help Toler Company sells flags with team logos. Toler has fixed costs of $192,000 per year plus variable costs of $9.60 per flag. Each flag sells for $16.00. Read the requirements. Requirement 1. Use the equation approach to compute the number of flags Toler must sell each year to break even. First, select the formula to compute the required sales in units to break even. Net sales revenue Variable costs Fixed costs = Target profit Rearrange the formula you determined above and compute the required number of flags to break even. The number of flags Toler must sell each year to break even is 30,000 Requirement 2. Use the contribution margin ratio approach to compute the dollar sales Toler needs to earn $32,000 in operating income for the year. (Round the contribution margin ratio to two decimal places.) Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn $32,000 in operating income. (Round the required sales in dollars up to the nearest whole dollar. For example, $10.25 would be rounded to $11. Abbreviation used: CM = contribution margin.) Fixed costs Target profit ) = CM ratio = Required sales in dollars 192,000 $ 32,000 ) + 40.00 % $ 560,000 Requirement 3. Prepare Toler's contribution margin income statement for the year ended December 31, for sales of 22,000 flags. (Round your final answers up to the next whole number.) (Use parentheses or a minus sign for an operating loss.) Toler Company Contribution Margin Income Statement Year Ended December 31, 20XX Caloc Dowonula 252 non Enter any number in the edit fields and then click Check Answer. ? 2 parts remaining Clear All Final Check Type here to search 99. 9 0 ENG 11:52 AM 11/11/2020Do Homework - eva yousif - Personal - Microsoft Edge X https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667839&questionld=3&flushed=false&cld=6253128¢erwin=yes Acct 1090 - Prof. Edwards - Late Start Fall 2020 eva yousif & | 11/11/20 11:53 AM Homework: Week Five: Chapter 4 (managerial) Homework Problem Save Score: 2.65 of 3 pts 3 of 5 (5 complete) HW Score: 84.24%, 12.64 of 15 pts x PM4-56A (similar to) Question Help Toler Company sells flags with team logos. Toler has fixed costs of $192,000 per year plus variable costs of $9.60 per flag. Each flag sells for $16.00. Read the requirements. Requirement 3. Prepare Toler's contribution margin income statement for the year ended December 31, for sales of 22,000 flags. (Round your final answers up to the next whole number.) (Use parentheses or a minus sign for an operating loss.) Toler Company Contribution Margin Income Statement Year Ended December 31, 20XX Sales Revenue $ 352,000 Variable Costs 211,200 Contribution Margin 140,800 Fixed Costs 192,000 Operating Income (Loss) 51,200) Requirement 4. The company is considering an expansion that will increase fixed costs by 30% and variable costs by $1.60 per flag. Compute the new breakeven point in units and in dollars. Should Toler undertake the expansion? Give your reasoning. 'Round your final answers up to the next whole number.) (Use the equation approach.) Begin by selecting the formula to compute the required sales in units to break even under the expansion plan. Net sales revenue Variable costs Fixed costs Target profit Rearrange the formula you determined above and compute the required number of flags to break even under the expansion plan. Under the expansion plan, the breakeven point in units would be flags. Enter any number in the edit fields and then click Check Answer. ? 2 parts remaining Clear All Final Check Type here to search O 11:53 AM 99 9 0 ENG 11/11/2020Bogin by selecting the formula to compute the required solos in units to break even under the expansion plan. Target profit Rearrange the formula you determined above and compute the required number of flags to break even under the expansion plan. Under the expansion plan, the brookeven point in units would be flags. Under the expansion plan, the breakeven point in dollars would be $ Should Wobb undertake the expansion? Give your reasoning. Webb should only undertake the expansion if expected profits from the expansion the expected costs