Cost-Volume Analysis Vanessa's Vermicelli Ltd., has provided you with the following annual information regarding operating revenue and costs: Sales Revenue $ 11,250,000 Variable costs Expenses Fixed Variable Total Cost as a % of sales Compensation costs a b 2,950,000 22.00% Cost of goods sold C d 28.00% Utilities e 675,000 825,000 f Rent Advertising Insurance Supplies. 1,440,000 g h 0% i i j 5.00% 308,000 k 1 2.00% 12,000 337,500 m Professional fees 124,000 124,000 p Other SG&A expenses 228,500 903,500 r Required: #1 Solve for the values a ---> r #2 Prepare an income statement using the contribution margin format assuming a tax rate of 40% #3 Calculate the breakeven sales for Vanessa #4 How much total revenue is required to generate in order to have $600,000 of pre-tax income #5 How much total revenue is required to generate to attain Income before tax which is 5% of sales #6 How much total revenue is required to generate to have Net Income of $450,000 (40% tax rate) #7 How much total revenue is required to generate to have Net Income which is 4.5% of sales (40% tax rate)