Question
Please explain how you get the answers, thank you. Answer the following questions using the information below: Tally Corp. sells software packages during the recruiting
Please explain how you get the answers, thank you.
Answer the following questions using the information below:
Tally Corp. sells software packages during the recruiting seasons. During the current year, software package sales were $440,000, variable costs per unit were $10, fixed costs were $48,000, and total costs were $158,000.
14) Calculate the total variable costs $_______________
15) Calculate the units sold $ _______________
16) Calculate the break -even sales $_______________
17) Calculate the margin of safety in units ______________
18) Calculate the contribution margin ratio is _____________
19) The Degree of Leverage is ________________
20) If sales increase by $60,000, operating income will increase by $______________.
21) If sales revenue increases by 20%, operating income will increase by (use DOL) $_______________.
22) What target sales dollars are required to make net income of $211,500 if the tax rate is 25% $_____________
23. If the sales price decreased by 10%, what is the contribution margin per unit? $ _______
24 If the sales price increased by 10%
a. What is the contribution margin per unit? $________
b. what target sales dollars would be required to make net income of $350,000 when the tax rate is 25% $_________________
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