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I NEED ANSWER TO 3B, 4 AND 5, ASAP, PLEASE Wesley Company manufactures and sells a single product. The company's income statement at sales level

image text in transcribedimage text in transcribed I NEED ANSWER TO 3B, 4 AND 5, ASAP, PLEASE

Wesley Company manufactures and sells a single product. The company's income statement at sales level of 20,000 units for last quarter follows: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $400,000 280,000 120,000 102,000 $ 18,000 Required: 1. What is the monthly break-even point in units sold and in sales dollars? (Round your intermediate calculations and final answers to the nearest whole number.) Break-even point in units sold Break-even point in sales dollars Break-even Point 12,750 255,000 2. Without resorting to computations, calculate the total contribution margin at the break-even point for the quarter. Total contribution margin 76,500 3-a. How many units would have to be sold each quarter to earn a target profit of $26,400? Use the formula method. Units sold to attain target profit 17,000 3-b. Verity your answer by preparing a contribution format income statement at the target level of sales. Total Unit Sales Less: Fixed expenses Contribution margin Less: Fixed expenses Net operating income 128,400 0 $ 128,400 4. Refer to the original data. Compute the company's margin of safety for the quarter in units, in dollars and as a percentage of last quarter's sales. (Round "Percentage" answer to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).) Units Dollars Percentage Margin of safety % 5. What is the company's CM ratio? If quarterly sales decrease by $12,000 and there is no change in fixed expenses, what would you expect the quarter's net operating income to be? (Do not prepare an income statement; use the CM ratio to compute your answer.) % CM ratio Net operating income

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