i Data Table X A B C Top of the Crop Coffee 2 Contribution Margin Income Statement 3 Month Ended July 31 4 Sales revenue $ 144,000 5 Less variable expenses: 6 Cost of goods sold S 59,000 7 Marketing expense 9,000 General and administrative expense 4.000 72,000 9 Contribution margin $ 72,000 10 Less fixed expenses: 11 Marketing expense S 35,700 12 General and administrative expense 6,300 42,000 Print DoneThe contribution margin income statement of Top of the Crop Coffee for July follows: Eff (Click the icon to view the contribution margin income statement.) Top of the Crop Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements. Prepare a summary contribution margin income statement to prove your answer above. (Complete all input fields. For amounts with a $0 balance, make sure to enter "0" in the appropriate input field.) Small Large Total Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income Requirement 2. Compute the coffee shop's margin of safety in dollars. Identify the formula to compute the margin of safety in dollars. = Margin of safety in dollars Screenshot saved The screenshot was added to your Choose from any list or enter any number in the input fields and then continue to the next question. OneDrive.The contribution margin income statement of Top of the Crop Coffee for July follows: (Click the icon to view the contribution margin income statement.) Top of the Crop Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements Requirement 2. Compute the coffee shop's margin of safety in dollars. Identify the formula to compute the margin of safety in dollars. Margin of safety in dollars The margin of safety in dollars is Requirement 3. Use the coffee shop's operating leverage factor (using the July contribution margin income statement) to determine its new operating income if sales volume increases 10%. Prove your results using the contribution margin income statement format. Assume that sales mix remains unchanged. Identify the formula to compute the operating leverage factor. Operating leverage factor (Round your answer to two decimal places.) Top of the Crop Coffee's operating leverage factor is Screenshot savedThe contribution margin income statement of Top of the Crop Coffee for July follows: (Click the icon to view the contribution margin income statement.) Top of the Crop Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements. Requirement 2. Compute the coffee shop's margin of safety in dollars. Identify the formula to compute the margin of safety in dollars. = Margin of safety in dollars 1Breakeven sales in dollars Re Contribution margin ratio 's operating leverage factor (using the July contribution margin income statement) to determine its new operating income if sales volume increases 10%. Prove your results using the co Sales t format. Assume that sales mix remains unchanged. Idi Variable cost per unit perating leverage factor. Variable expenses = Operating leverage factor (Round your answer to two decimal places.) Top of the Crop Coffee's operating leverage factor is Screenshot savedTop of the Crop Coffee's operating leverage factor is If Top of the Crop Coffee can increase sales revenue by 10%, keeping the sales mix the same, operating income will be Prepare a summary contribution margin income statement to prove your answer above. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field.) Top of the Crop Coffee Effect on Operating Income of 10% Increase in Sales Volume Current level Percent increase Dollar increase Sales revenue 10% Less: Variable expenses 10%The contribution margin income statement of Top of the Crop Coffee for July follows: (Click the icon to view the contribution margin income statement.) Top of the Crop Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements will be Prepare a summary contribution margin income statement to prove your answer above. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field.) Top of the Crop Coffee Effect on Operating Income of 10% Increase in Sales Volume Current level Percent increase Dollar increase Sales revenue 10% Less: Variable expenses 10% Contribution margin Change in fixed expenses Operating income before sales increase Operating income after sales increase Choose from any list or enter any number in the input fields and then continue to the next question. ?The contribution margin income statement of Top of the Crop Coffee for July follows: (Click the icon to view the contribution margin income statement.) Top of the Crop Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements. Now calculate the weighted-average contribution margin per unit. (Round the weighted-average contribution margin per unit to the nearest cent.) Small Large Total Sales price per unit Less: Variable expense per unit Contribution margin per unit Sales mix in units Contribution margin Weighted-average contribution margin per unit The breakeven point is small cups and large cups of coffee. Prepare a summary contribution margin income statement to prove your answer above. (Complete all input fields. For amounts with a $0 balance, make sure to enter "0" in the appropriate input field.) Choose from any list or enter any number in the input fields and then continue to the next