Hello. Any help would be appreciated on this question. Thank you in advance.
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit Sales $ 304,000 $ 20 Variable expenses 212, 800 14 Contribution margin 91, 200 $ 6 Fixed expenses 76, 200 Net operating income $ 15,000 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break even point? 3-a. How many units would have to be sold each month to attain a target profit of $29,400? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If sales increase by $72,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3A Reg 3B Reg 4 Reg 5 What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Break-even point in dollar salesReg 1 Reg 2 Reg 3A Reg 3B Reg 4 Reg 5 Without resorting to computations, what is the total contribution margin at the break-even point? Total contribution marginReg 1 Reg 2 Req 3A Reg 3B Reg 4 Reg 5 How many units would have to be sold each month to attain a target profit of $29,400? Units sales needed to attain to Req 3AReg 1 Reg 2 Reg 3A Reg 3B Reg 4 Reg 5 Verify your answer by preparing a contribution format income statement at the target sales level. Menlo Company Contribution Income Statement Total Per UnitReg 1 Reg 2 Req 3A Reg 3B Reg 4 Reg 5 Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Dollars Percentage Margin of safetyReg 1 Reg 2 Req 3A Reg 3B Reg 4 Reg 5 What is the company's CM ratio? If sales increase by $72,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? CM ratio Net operating income increases by