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Northern Lights Ltd. The following is the company's income statement for the last month. The company sold 12,000 units during the month. $ $/Unit Sales
Northern Lights Ltd. The following is the company's income statement for the last month. The company sold 12,000 units during the month. $ $/Unit Sales 1,560,000 130.00 Variable Expenses 1,260,000 105.00 Contribution Margin 300,000 25.00 Fixed Expenses 270,000 Operating Income 30,000 Required: 1. What is the company's Contribution Margin ratio? 2. What is the company's breakeven in units? Show formula. Round to full units. 3. What is the company's breakeven in dollar sales? Show formula. Round to the nearest dollar. 4. How many units would the company have to sell to attain a target operating income of $100,000? Round to full units
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