In Class Activity 3 Saved File Home Insert Draw Formulas Data Review View B I U A 123 1 class Activity 3 3 Instructions: Part A of this assignment asks you to answer 11 questions. Part B contains 2 questions. Each 4 Part A question is worth 0.2 points. Each Part B question is worth 0.4 points. You can earn at most a total 5 of 3.0 points on this assignment. Only the answer you submit in the yellow cell(s) will be graded for each 9 The following information comes from a company s budget for 2017. 11 Sales 890,258 12 Variable expenses 440,653 13 Total fixed cost 408,211 14 Number of units 200,000 16 1) Compute the contribution margin 17 Contribution margin 18 19 2) Compute the contribution margin per unit 20 Contribution margin per unit O 22 3) Compute the contribution margin ratio 23 Contribution margin ratio 25 4) Compute the break-even units 26 Break-even units 28 5) Compute the break-even sales 29 Break-even sales 31 6) How many units need to be sold to achieve a target income of $500,000. 32 Target Income Sales Volume 34 7) How many units need to be sold to achieve a target income of $500,000 when there is a 30% tax rate? 35 Target Income Volume 37 8) What is your margin of safety in dollars? 40 9) What is your margin of safety ratio? 41 Margin of Safety Ratio 43 10) If your budgeted sales increased by S77,000, how much would your income change? 44 Change in Net Income 46 11) If you fixed cost decreased by $55,000, how much would your sales have to change to cover this change? 47 Change in Sales 51 Below is some information about a company that sells 4 products. CVP Activity 74% 2:01 PM