Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help Lk my work Dana's Ribbon World makes award rosettes. Following is information about the company Variable cost per rosette Sales price per rosette Total
help
Lk my work Dana's Ribbon World makes award rosettes. Following is information about the company Variable cost per rosette Sales price per rosette Total fixed costs per month $ 1.20 5.00 3800.00 Required: 1. Support Dana's would like to generate a profit of $1,020. Determine how many rosettes it must sell to achieve this target profit 2. If Dana's solis 1,520 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 1,520 rosettes. 4a. Using the degree of operating leverage calculate the change in Dana's profit if unit sales drop to 1140 units. 4b. Prepare a new contribution margin income statement to verify change in dana's profit ces Complete this question by entering your answers in the tabs below. Req1 Reg 2 Reg 3 Req 4A Reg 48 Using the degree of operating leverage, calculate the change in Dana's profit if unit sales drop to 1,140 units. (Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places. (.e. .1234 should be entered as 12.34%:)) Effect on Profil Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started