do all requirements

ACC 222-01 or Managerial Accoun ing MWF from 9:00 to 9:50 AM Homework: CH 5 HOMEWORK Score: 0 of 14 pts P20-35A (similar to) 10 of 10 (0 complete) Kincaid Company sells flegs with team logos. Kincaid has fixed costs of $583,200 per year plus variable costs of $4.80 per flag. Each flag sells for $12.00. Requirements 1. Use the equation approach to compute the number of flags Kincaid must sell each year to break even 2. Use the contribution margin ratio approach to compute the dollar sales Kincaid needs to earn $33,000 in operating income for 2014. (Round the contribution margin ratio to two decimal places.) your final answers up to the next whole number.) the new breakeven point in units and in dollars. Should Kincaid undertake the expansion? Give your reasoning. (Round your final 3. Prepare Kincaid's contribution margin income statement for the year ended December 31, 2014, for sales of 70,000 flags. (Round 4. The company is considering an expansion that will increase fixed costs by 21% and variable costs by $0.60 per flag. Compute answers up to the next whole number.) Requirement 1. Use the equation approach to compute the number of flags Kincaid must sell each year to break even. First, select the formula to compute the required sales in units to break even. Target profit Choose from any drop-down list and then click Check