Dana's Ribbon World makes award rosettes. Following is information about the company Variable cost per rosette Sales price per rosette Total fixed costs per month $ 1.20 4.00 2800.00 Required: 1. Suppose Dana's would like to generate a profit of $880. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana's sells 1,200 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 1200 rosettes. 4a. Using the degree of operating leverage calculate the change in Dana's profit if unit sales drop to 1,080 units. 4b. Prepare a new contribution margin income statement to verify change in dana's profit. Suppose Dana's would like to generate a profit of $880. Determine how many rosettes it must sell to achieve this target profit. (Round your Intermediate calculations to 2 decimal places and round your final answer up to nearest whole number) Target Units If Dana's sells 1,200 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number. Round your Margin of Safety percentage to two decimal places (ie. 0.1234 should be entered as 12.34%.>> Rosettes Margin of Safety (Units) Margin of Safety in Dolars Percentage of Sales % Calculate Dana's degree of operating leverage if it sells 1,200 rosettes. (Round your intermediate calculations to 2 decimal places and final answer to 4 decimal places.) Degree of Operating Leverage Using the degree of operating leverage, calculate the change in Dana's profit if unit sales drop to 1,080 units. (Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places, (i... 1234 should be entered as 12.34%.)) Elect on Profit Reg 3 ROAR Prepare a new contribution margin income statement to verify change in dona's profit. (Round your answers to nearest whole number) Contribution Margin Income Statement For 1,080 Rosetten Contribution Margin Income from Operations