Gary Rouse is evaluating a business opportunity to sell premium car wax al vintage car shows the wax is sold in 64-ounce tubs Gary can buy the premium wax at a wholesale cost of $33 per tub He plans to sell the premium wax for $73 per hab. He estimates ved costs such as travel costs, booths and lodging to be 5720 per car show Read the requirements Gary must sel 45 tubs per how to earn a profit of $1.080 per show * Requirements - X b. Determine the sales volume in dolas necessary to earn the desired profit assuming Gary wants to earn a profit of 1,000 per show Begin by Kentlying the formulate compute the sales volume in dolls necessary to earn the desired profit cam . 1. Determine the trumber of hubs Gary must sell per show to break even 2. Assume Gary wants to com a profit of 51,080 per show. Target sans X Sale price per unit Target sales in dollar a Determine the sales volume in units necessary to earn the desired profit b. Determine the sales volume in dollars necessary to eam the desired profit Gary must achieve sales of $ 3285 ton profit of $1,000 per show a c. Using the contribution margin format prepare an income statement (condensed version) to confirm your answers to parts and 3. Determine the margin of safety between the sales volume at the breakeven c. Using the contribution margin format prepare an income statement condensed version) to confim your answers to park and point and the sales volume required to cam the desired profit Determine the Condensed Income Statement margin of safety in both sales dolor, units, and as a percentage Sales 3785 Print 14 Done Lets Variable costs Contribution margin 1800 720 Les Fred cote Net income (los) 1000 Requirements. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired profil. Determine the margin of safety in both sales dollars, un, and as a percentage Begin by identifying the formula to computere margin of safety in dolls Target sales in dolar Breskensales in de dolls Margin of safety in dollars 1314 The margin of safety in dollars is Now identity the formulato come the margin of safety in units Target in units Margin of safety in uns The margin of safety units is 06 un Now identify the formula to compare the margin of safety as a percentage Margin of safety as a percentage of targets Target sales in dollars 60 % The margin of safety as a percentage of target sales is Choose from any list or emer any number in the input fields and then continue to the next question SOM