NOTE: The first picture applies to all parts. ALSO NOTE: Desired profit is $6,000
Check my work 10 Required information [The following information applies to the questions displayed below.] Rooney Company makes and sells products with variable costs of $64 each. Rooney incurs annual fixed costs of $26,400. Part 1 of 7 The current sales price is $80 0.29 points e. If fixed costs drop to $15,600, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required E1Required E2 If fixed costs drop to $15,600, what level of sales is required to earn the desired profit? Express your answer in units and dollars Sales volume in units Sales volume in dollars Required E1 Required E2 > e. If fixed costs drop to $15,600, what level of sales is required to earn the desired profit? Express your answer in units and dollars Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required E1 Required E2 If fixed costs drop to $15,600, prepare an Income statement using the contribution margin format ROONEY COMPANY Income Statement f. If variable cost rises to $56 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required F1 Required F2 If variable cost rises to $56 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Sales volume in units Sales volume in dollars Required F1 Required F2 > f. If variable cost rises to $56 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below Required F1 Required F If variable cost rises to $56 per unit, prepare an income statement using the contribution margin format .... ROONEY COMPANY Income Statement Required F1 Required F2 g. Assume that Rooney concludes that it can sell 2,000 units of product for $76 each. Recall that variable costs are $56 each and fixed costs are $15,600. Compute the margin of safety in units and dollars and as a percentage. (Do not round intermediate calculations. Round your answers to the nearest whole number.) Margin of safety in units Margin of safety in dollars Margin of safety
