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Data 2 Home Insert Page Layout Formulas Review View B 1 Roma Skincare 2 Operating Income Statement June, 2017 3 Units sold 15,000 4 Revenues
Data 2 Home Insert Page Layout Formulas Review View B 1 Roma Skincare 2 Operating Income Statement June, 2017 3 Units sold 15,000 4 Revenues $1,20.000 5 Cost of goods sold 6 Variable manufacturing costs $60,000 7 Fixed manufacturing costs $22.000 8 Total cost of goods sold S 82,000 9 Gross margin $ 38,000 10 Operating costs 11 Variable marketing costs $ 6,000 12 Fixed marketing & admin costs $14.000 13 Total operating costs $ 20,000 14 Operating income S 18.000 Required 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017. 3. What is the margin of safety in units) for June 2017? 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%, calculate its net income
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