IIt (Click the icon to view the operating income statement) Road the mequirnments. Requirement 1. Recast the income statement to emphasize contribution margin. Starlet Cosmetics Operating lncome Statement, June 2020 Requirement 2. Caiculate the contrbution margin percentage and breakeven point in units and revenues for June 2020. Begin by selocting the formula to calculate the contribution margin percentinge. Then enter the amounts in the formula to calculate the percent. (Enter the percentage as a whole number.) Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Enter the contribution margin per unit to two decimal places, X.XX.) Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percentage as a whole number.) Requirement 3. What is the margin of safety (in units) for June 2020 ? Determine the formula to caloulate the margin of safety in units. Then enter the amounts in the farmula and caloulate the margin of safety for dune 2020. Requirement 4. If 881es in June were colly 7,500 units and Starlet's tax rate is 30%, calculate its net income. Complete the table below to calculate Starlet's net income if sales were only 7,500 units and Starlat's tax rate is 30%. (Round the tax exponse to the nearest whole number.) IIt (Click the icon to view the operating income statement) Road the mequirnments. Requirement 1. Recast the income statement to emphasize contribution margin. Starlet Cosmetics Operating lncome Statement, June 2020 Requirement 2. Caiculate the contrbution margin percentage and breakeven point in units and revenues for June 2020. Begin by selocting the formula to calculate the contribution margin percentinge. Then enter the amounts in the formula to calculate the percent. (Enter the percentage as a whole number.) Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Enter the contribution margin per unit to two decimal places, X.XX.) Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percentage as a whole number.) Requirement 3. What is the margin of safety (in units) for June 2020 ? Determine the formula to caloulate the margin of safety in units. Then enter the amounts in the farmula and caloulate the margin of safety for dune 2020. Requirement 4. If 881es in June were colly 7,500 units and Starlet's tax rate is 30%, calculate its net income. Complete the table below to calculate Starlet's net income if sales were only 7,500 units and Starlat's tax rate is 30%. (Round the tax exponse to the nearest whole number.)
