Large Corporation has collected the following information after its first year of sales Sales were $2,500,000 on 100,000 unit selling expenses $250,000 (40% variable and 60% fixed): direct materials 1,360,600, direct labor $260.000; administrative expenses $270,000 (20% variable and 80% foed), and manufacturing overhead $329,000 (70Variable and 30% fixed). Top management has asked you to do a CV analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year Your answer is correct Computer () the contribution mangin for the current year and the projected year, and (2) the fue costs for the current year. Asume that foed costs we remain the same in the projected year) (1) Contribution margin for current year 500,000 Contribution margin for projected year 550,000 (2) Fred costs for current year Click if you would like to show Work for this question Open Show Work 462600 LINK TO TEXT VIDEO SIMILAR PROBLEM Attempts: 2 of 15 used (6) Your answer is correct. Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to I decimal place .g0.5 and final answers to decimal places, p. 2.510 Break even point 92520 units Break-even point 2013,000 Click if you would like to show Work for this question Open Show Work Your answer is correct. Commipute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to I decimal place #.9.0.5 and filmat answers to decimal places, .g. 2. Break-even point 92520 units Break-even point 2313,000 Click if you would like to show Work for this question: Open Show Work LENTO TERT VIDEO SIMILAR PROBLEM Attempts 5 of 15 used Your answer is correct The company has a target net income of $200,000. hat is the required sales in dollars for the company to meet its target? Sales dollars required for target net income 3313000 Click if you would like to show Work for this question Open Show Work Your answer is correct. of the company meets its target net income number, by what percentage could les sales fall before it is operating at a loss? That is what is its margin of safety ratio) (Round answer to decim place... 10,8%) Margins of safety ratio 30 Click if you would like to show Work for this questioni Open Show Work LINK TO TEXT VIDEO IRILAR PROBLEM Attempts: 4 of 15 used Your answer is incorrect. Try again. The company is considering a purchase of equipment that would reduce its direct labor costs by $110,000 and would change its manufacturing overhead costs to 30% variable and 70fixed (assume total manufacturing overhead cost is $322,000, as above). It is also considering switching to a pure commission basis for its sales staff. This would change selling expenses to 90% variable and 10% fored (assume total selling expense is $250,000, as above). Compute (1) the contribution margin and (2) the contribution margin ratio, and recompute() the bread even point in sales dollar. (Round contribution margin ratio to 4 decimal places, e... 0.2527 and all other answers to decimal places, .9.2.520. Use the current year numbers for calculations 1. Contribution margin 2. Contribution margin ratio 3. Break-even point