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Osborne Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read

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Osborne Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the requirements. Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? The total contribution margin is $ 40,000 b. What is the total variable expense? The total variable expense is $ 60,000 c. How many units were sold? 5,000 units were sold. d. What is the per-unit variable expense? The per-unit variable expense is $ 12 e. What is the per-unit contribution margin? The per-unit contribution margin is $ 8 Now fill in the missing numbers in the table. (Enter the percentages as whole numbers, "XX") Total Per Unit % Sales $ 20 100% 100,000 $ 50000 50% Variable expenses 0||0| 50000 10 Contribution margin 50 % Fixed expenses 12,000 $ 28,000 Operating income Total Per Unit % Sales... $ 20 ? 100,000 $ ? ? ? ? ? ? Variable expenses Contribution margin Fixed expenses Operating income 12,000 $ 28,000 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? b. What is the total variable expense? c. How many units were sold? d. What is the per-unit variable expense? e. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? b. What is the breakeven point in sales dollars? 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company sell in order to earn a profit of $50,000? b. What is the current margin of safety in units? c. What is the margin of safety in sales dollars? d. What is the margin of safety in percentage

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