Elsie's cake shop shows the following data for the last year Sales $ Less Variable costs $ Contribution margin $ Less Fixed costs $ Operating income $ 3,640 1,120 2,520 1,350 1,170 The company sold 140 cakes during the year Required Using cost volume profit analysis, answer the following questions What is the company's contribution margin ratio A What is the company's breakeven point in cakes A How many cakes would the company have to sell to attain a target operating income of $576 A What is the company's margin of safety in units for cakes A What is the company's degree of operating leverage Round to 2 decimal places A Use the rounded answer you just entered to calculate the answer to this question If sales increase by 32 , operating income would increase by $ A

Question

Elsie's cake shop shows the following data for the last year  Sales $ Less  Variable costs $ Contribution margin $ Less  Fixed costs $ Operating income $ 3,640 1,120 2,520 1,350 1,170 The company sold 140 cakes during the year  Required  Using cost volume profit analysis, answer the following questions  What is the company's contribution margin ratio  A What is the company's breakeven point in cakes  A  How many cakes would the company have to sell to attain a target operating income of $576  A What is the company's margin of safety in units for cakes  A What is the company's degree of operating leverage  Round to 2 decimal places  A Use the rounded answer you just entered to calculate the answer to this question  If sales increase by 32 , operating income would increase by $ A

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Elsie's cake shop shows the following data for the last year: Sales $ Less: Variable costs $ Contribution margin $ Less: Fixed costs $ Operating

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