Larry Osbome is evaluating a business opportunity to se premium w a estimated costs such as travel costs, booth rental cost and lodging to be g e car shows the wax is sold in 64 porc show Read the requirements Requirement 1, Determine the number of tubes Larry must sell per showbred Begin by d yng the formula to compute the sales in various levels of operating incom 1. Denne the number of s u per how to break 2. Assume Lay wants to com a proto 11 per show a the volumen und necesary to as the desired the won der way to come the desired pro c. Using the contribution margin formal prepare an income stromont fondered version is com your s to parts and 3. D h e map of the volume at the breakeven p lan the sales me required to earn the desired the maan osally in the units, and as a percentage . He Lary Osborne is evaluating a business opportunity to sell premium car wax al vintage car shows. The wax is sold in 64 ounce tubs Larry can buy the premium wax at a wholesale cost of $30 per plans to sell the premium wax for $80 per tub. He estimates fixed costs such as travel costs, booth rental cost and lodging to be $900 per car show Read the requirements Requirement 1. Determine the number of tubs Larry mustall per show to break even Begin by dentifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach Sales in units Requirements 1. Determine the number of tubs Larry must sell per show to break even 2. Assume Larry wants to earn a profit of $1,100 per show. a. Determine the sales volume in units necessary to earn the desired profit. b. Determine the sales volume in dollars necessary to earn the desired profit. c. Using the contribution margin format, prepare an income statement (condensed version) to confirm your answers to parts a and b. 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired profit. Determine the margin of safety in both sales dollars, units, and as a percentage