I AM NOT SURE ABOUT IT, WHEN I TRY TO DO THE CONTRIBUTION MARGIN INCOME STATEMENT, THE CONTRIBUTION MARGIN IS NOT THE SAME AS THE FIXED COST. AND ALSO NEED HELP WITH THE REST OF THE QUESTION.

Data Table X Cosmic Donuts Contribution Margin Income Statement Month Ended August 31, 2024 Net Sales Revenue $ 127,000 Variable Costs: Cost of Goods Sold 32,600 Selling Costs 17,400 Administrative Costs 800 50,800 Contribution Margin 76,200 Fixed Costs: Selling Costs 37,800 Administrative Costs 12,600 50,400 $ 25,800 Operating Income Print Done X A Requirements 1. Calculate the weighted-average contribution margin. 2. Determine Cosmic's monthly breakeven point in dozens of plain donuts and custard-filled donuts. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of costs: variable and fixed. 3. Compute Cosmic's margin of safety in dollars for August 2024. 4. Compute the degree of operating leverage for Cosmic Donuts. Estimate the new operating income if total sales increase by 40%. (Round the degree of operating leverage to four decimal places and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) 5. Prove your answer to Requirement 4 by preparing a contribution margin income statement with a 40% increase in total sales. (The sales mix remains unchanged.) Print Done The contribution margin income statement of Cosmic Donuts for August 2024 follows: (Click the icon to view the contribution margin income statement.) Cosmic sells five dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $8.00, with total variable cost of $3.20 per dozen. Read the fequirements Requirement 1. Calculate the weighted average contribution margin. (Round all currency amounts to the nearest cent.) Total Plain 4.00 Filled 8.00 Sales price per unit 1.60 3.20 Variable cost per unit Contribution margin per unit 2.40 4.80 X Sales mix in units 5 6 12 4.80 16.80 Contribution margin 2.80 Weighted-average contribution margin per unit Requirement 2. Determine Cosmic's monthly breakeven point in dozens of plain donuts and custard-filled donuts. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of costs: variable and fixed. We'll begin with the breakeven point. Start by selecting the formula and entering the amounts to compute the breakeven point in units for the package" of products-total dozens of donuts to be sold. (Complete all input fields. Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted average contribution margin.) Fixed costs + Target profit ) + Weighted-avg. CM per unit ) 2.80 = Required sales in units 18.000 ( 50,400 Determine Cosmic's monthly breakeven point in dozens of plain donuts and custard-filled donuts. The breakeven point is 14,940 dozen plain donuts and 3,060 dozen custard-filled donuts. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of costs: variable and fixed. (Enter a "0" for any zero balances.) Cosmic Donuts Total Contribution Margin Income Statement Plain Filled Net Sales Revenue 59,760 24,480 Variable Costs 23,904 9,792 35,856 14,688 Contribution Margin Fixed Costs 84,240 33,696 50,544 Operating Income Requirement 3. Compute Cosmic's margin of safety in dollars for August 2024. (The contribution margin income statement provided should be used to determine any expected results.) = Margin of safety in dollars Requirement 4. Compute the degree of operating leverage for Cosmic Donuts. Estimate the new operating income if total sales increase by 40%. (Round the degree of operating leverage to four decimal places and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) Begin by computing the degree of operating leverage for Cosmic Donuts. (Round the degree of operating leverage to four decimal places, X.XXXX.) Degree of operating leverage Estimate the new operating income if total sales increase by 40%. (Round interim calculations to four decimal places and your final answer to the nearest dollar. Assume the sales mix remains unchanged.) The estimated operating income will be Requirement 5. Prove your answer to Requirement 4 by preparing a contribution margin income statement with a 40% increase in total sales. (The sales mix remains unchanged.) Cosmic Donuts Contribution Margin Income Statement Month Ended August 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Choose from any list or enter any number in the input fields and then continue to the next