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Fast Spint Calendars imprints calendars with college names. The company has fixed expenses of $1,125,000 each month plus variabil expenses of $4.50 per carion of calendars. Of the variable expense. 69% is cost of goods sold, while the remaining 31% relases to variable operating expenses. The company selis each carton of calencars for $19.50. Pead the requirements Requirement 1. Compute the number of cartons of cakendars that Fast Sprit Calendars must sell each month to breakeven. Begin by delormining the basic income statement equation. Using the basic income statement equation you determined above solve for the number of cartons to break even. The breakeven bales is cartons. Requirement 2. Compute the dolar amount of monthly sales Fast Spint Calendams needs in order to eam $338,000 in operasing income. Bogin by determining the formula. (Round the contributon margin ratio to two deomad places.) The monthly sales needed to eamn $338,000 in operating income is Requirement 3. Prepare the company's contribution margin income statement for June for sales of 470,000 cartons of calendars. Requirement 4. What is June's margin of satety (in dollars)? What is the operating leverage factor at this lovel of sales? Begin by determining the formula. Requirement 4. What is June's margin of satety (in dollars)? What is the operating leverage factor at this level of sales? Begin by determining the formula. =Marghofsalety(indollars) The margin of safety is What is the operating leverage factor at this level of salos? Begin by determining the formula. (Round the cperating leverage factor to throe docimal places.) The operating leverage factor is Requirement 5. By what percentage will operating incorne change if July's sabes volume is 12% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 12%, then operating income will increase Requirement 5. By what percentage will operating income change it July's sales volume is 12% higher? Prove your answer: (Round the percentage to two decimal places.) If volume increases 12%, then operating income will increase Prove your answer. (Round the percentage to two decimal places)