hw 5 q 9

3(b) Prepare an income statement for Texas-Q for the coming year. Refer fo the list of Amount Descriptions for the exact wording of text items Within your income statement. 2. Compute the break-even quantily of each product. 3(a) What is the overall contribution margin ratio? Use the contribution margin ratio to compute overall break-even sales revenue. Enter the contribution margin ratio as a percentage rounded to two decimal places; round the break-even sales revenue to the nearest doliar. Contribution Margin Ratio Break-Even Revenue Texas-Q Company produces and selis barbeque grills. Texas-Q sells three models: a small portable gas grili, a Larger stationary gas grill, and the specialty smoker in the coming year, Texas-Q expects to sell 14,700 portable grils, 49,000 stationary grills, and 4,900 smokers. Intormation on the three models is as follows: Total fixed cost is $2,033,940. Downioad Excel spreadsheet Contribution Margin Ratio, Break-Even Sales Revenue, and Margin of Safety for Multiple Contribution Margin Income Statement wit Margin of Safety 4. Compute the margin of safety for the coming year. The margin of safety for the coming year is