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College Try Calendars imprints calendars with college names. The company has fixed expensos of $1,125,000 oach month plus variable expenses of $4.50 per carton of calendars. Of the variable expense, 65% is cost of goods sold, while the remaining 35% miates to variable operating expenses. The on any sells each anon of calendars for $19.50 Read the requirements. Requlrement 1. Compute the number of cartons of calendars that College Try Calendars must sell each month to breakeven. Begin by determining the basic inoome statoment equation Oporating income Using the basic income statement equation you determined above solve for the number of cartons to break even. The breakeven sales is cartons. 2 monthly sales College Try Calendars needs in order to eam $338,000 in operating income. Bogin by determining the formula Target sales in dollars Round the contribution margin ratio to two decimal places.) The monthly sales needed to eam $338,000 in operating income is $ Requirement 3. Prepare the company's contribution margin income statement for June for sales of 485,000 cartons of calendars College Try Contribution Margin Income Statement Month Ended June 30 for June for sales of 285,000 Requirement 3. Prepare the company's contribution margin income statement College Try Contribution Margin Income Statement Month Ended June 30 Contribution margin Cost of goods sold Fixed expenses Operating expenses Operating income Sales revenue Variable expenses dules Requirement s wnarw aune margorsafoty (n dollars)? What is the operating leverage factor at this level of sales? Begin by determining the formula. Choose from any list or enter any number in the input fields and then continue to the next question ools nd multimedia content in your course. 36,911 28 ol calendars for $19.50 Read the requirements Requrement 4 What s June's margin of safety in doliars)?What is the operating leverage factor at this lovel of saloa Begin by determining the formula. SA Margin of safety (in dollars) The margin of safety is $ What is the operating leverage factor at this level of sales? Begin by determining the formula. Operating leverage factor oints f (Round the operating leverage factor to three decimal places.) The operating leverage factor is Road the requirements Requirement 5 Bywhat perce tage wil operating incomechange places.) Alyssales volane is 12% N her? Prove your answer.(Round the perontagebleo decima 3/28/19 7 30 rvolme iomases 12%, ton operating income wil rome- Prove your answer (Round the percentage to twro decimal places) Original volume (cartons) Ade: Increase in volume New volume (cartons) Mutiplied by: Unit contribution margin New total contribution margin Less: Fixed expenses %. SAT ng bry oints for a Overall Score Modules New operating inoome Openating inoome before change in volume Increase in operating income Choose from any list or enber any number in the Input fields and then continue to the nexdt question n Teels 100% Requirements d the p ra 1. Compute the number of cartons of calendars that College Try Calendars must ro2. Compute the dollar amount of monthly sales that the company needs in order sell each month to break even. to eam $338,000 in operating income (round the contribution margin ratio to 3. Prepare the company's contribution margin income statement for June for 4. What is June's margin of safety (in dollars)? What is the operating leverage 5. By what percentage will operating income change if July's sales volume is two decimal places). sales of 485,000 cartons of calendars. factor at this level of sales? narg 12% higher? Prove your answer. Print Done r any number in the input fields and then continue to the next