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HUMEWork! Chapter 20 Homework Assignment Save Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of 1 pt P20-41A (similar to) Question Help The contribution margin income statement of Too Sweet Donuts for August 2018 follows: (Click the icon to view the contribution margin income statement.) Too Sweet sells five dozen plain donuts for every dozen custard-filed donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $7.00, with total variable cost of $2.80 per dozen Read the requirements Requirement 1. Calculate the weighted average contribution margin. (Round all currency amounts to the nearest cent.) Plain Filled Total Contribution margin Weighted average contribution margin per unit Choose from any list or enter any number in the input fields and then click Check Answer. 7 remaining Clear All Check Answer i Data Table - X Too Sweet Donuts Contribution Margin Income Statement Month Ended August 31, 2018 Net Sales Revenue $ 129,000 Variable Costs: Cost of Goods Sold $ 32,300 Selling Costs 17,400 Administrative Costs 1,900 51,600 Contribution Margin 77,400 Fixed Costs: Selling Costs 36,450 12,150 Administrative Costs 48,600 $ 28,800 Operating Income Print Done i Requirements -X 1. Calculate the weighted average contribution margin. 2. Determine Too Sweet's monthly breakeven point in dozens of plain donuts and custard-filled donuts. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of costs: variable and fixed. 3. Compute Too Sweet's margin of safety in dollars for August 2018. 4. Compute the degree of operating leverage for Too Sweet Donuts. Estimate the new operating income if total sales increase by 40%. (Round the degree of operating leverage to four decimal places and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) 5. Prove your answer to Requirement 4 by preparing a contribution margin income statement with a 40% increase in total sales. (The sales mix remains unchanged.) Print Done