l Fido LTE 2:41 AM 7 4% ontariolearn.desire2learn.com ACCTI350 S18 Assignment #1 Assignment is to be submitted using the Excel Template located in the Assignment dropbox. This document is for reference only. Do not complete the assignment in Word. QI. (12 Marks) The following is Jordon Manufacturing's contribution format income statement for last month: Sales Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income $1.400,000 $900.000 $500,000 $300,000 $200.000 The company has no beginning or ending inventories and produced and sold 10,000 units during the month Required: a) What is the company's contribution margin ratio? (2 marks) b) What is the company's break-even in units? (2 marks) c) If sales increase by 100 units, by how much should operating income increase? (4 marks) d) How many units would the company have to sell to attain target operating income of $225,000? (2 marks) e) What is the company's margin of safety in dollars? (2 marks) What is the company's degree of operating leverage? (2 marks) Q2. (12 Marks) The following monthly data are available for the LaFille Company and its only product, Product SW Total Per Unit :)