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Hollv,vood Cosmetics manufactures and sells a face cream to small, family-run stores in the greater Montreal area It presents the monthly operating statement of
Hollv,vood Cosmetics manufactures and sells a face cream to small, family-run stores in the greater Montreal area It presents the monthly operating statement of comprehensive income to Francois Garnier, e potential investor in the business. Help Garnier understand Hollywood's cost structure. (Click the icon to view the operating statement of comprehensive income) Requirement 1. Recast the statement of operating Income in a contribution format. Hollywood Cosmetics Statement of Operating Income June 15,000 Units sold Revenue Variable costs Requirement 2. Calculate the contribution margin percentage and breakeven pont in units and revenues for June. Begin by selecting the formula to calculate the contribution margin percentage Then, enter the amounts in the formula to calculate the percent (Round your answer to the nearest whole percent) x 100 = Contribution margin percentage Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Round the rate to two decimal places. Round your final answer up to the nearest whole number) = Breakeven point in units Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percent as a whole number Round your answer up to the next whole dollar) = Breakeven point in revenues
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