Market Sales had $ 200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80.000 What sales volume does Markets need to yield operating profit? $200,000 O $2,000,000 O $1200,000 $1,000,000 $1,500,000 The difference between total sales in dollars and total variable costs is called the gross margin Onet profit O the contribution margin O operating profit On January 1, 2016, Randolph Co. Increased its direct labor wage rates All other budgeted costs and revenues were unchanged. How did this increase affect Randolph's budgeted break-even point and budgeted margin of safety? (CPA adapted Budgeted Breakeven Point Budgeted Margin of Safety Increase Decrease Decrease Decrease O Option Option Option Option O Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The proforma Income statement for the current is presented below DO $290 000 75.000 Cost of sales Direct Material Direct labor Variable Overhead Feed Overhead Gross Pro Seling and General Admin. En Variable 0,000 175.000 25.000 $ 200.000 250.000 450.000 575.000 Operating income $ For the coming year, the management of Gardner Corporation anticipates a 10 percent increase in sales, a 12 percent increase in verble costs, and a $45.000 increase in feed costs The break even point for next year would be O $729,027 O $474,000 O $214,018 $862103