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Oliver Co. sells themed beauty product gift boxes for $20 per box. The box and items in it cost Oliver Co. $7.98 per box. The fixed expenses for the year are $172.000. Oliver C. is expecting to sell approximately 30,000 units per year. What is the contribution margin ratio (\%), round percent to two decimals? Hint: Convert decimal to percent! So, .4567 is 45.67% Question 2 5pts Oliver Co. sells themed beauty product gift boxes for $28 per box. The box and items in it cost Oliver Co. $10.32 per box. The fixed expenses for the year are $28,000. Oliver Co. is expecting to sell approximately 11,000 units per year. What is the breakeven in boxes, rounded to the nearest whole number? Oliver Co. sells themed beauty product gift boxes for $32 per box. The box and items in it cost Oliver Co. $9.67 per box. The fixed expenses for the year are $32,000. Oliver C. is expecting to sell approximately 34.000 units per year. What is the revenue needed to reach a target profit of $150,000, rounded to the nearest whole number? Question 4 Daisy Doo produces and sells one product. Which is true for Daisy Doo's contribution margin ratio? The contribution margin ratio is computed as sales price per unit minus the variable costs per unit. As fixed costs rise, the contribution margin ratio drops. You can find the contribution margin per unit using the sales price and contribution margin ratio. As sales declines, the contribution margin ratio also declines. Jack Co.'s contribution margin ratio is 52% and its fixed monthly expenses are $43,000. Assuming that the fixed monthly expenses do not change (we are in the relevant range), what is the estimate of net operating income (or loss) in a month when sales are $447,000 ? Express a loss as a negative amount. Question 6 Using the data below, solve for sales revenue per unit, rounded to the nearest whole number: Using the data below, solve for variable expense ratio, rounded as a percent with two decimals: Hint: Percent is decimal 100. So .456217=45.62% rounded. Question 8 5 pts Oliver Co. sells themed beauty product gift boxes for $30 per box. The box and items in it cost Oliver Co. $8 per box. The fixed expenses for the year are $38,000. Oliver C0. is expecting to sell approximately 15,000 units per year. What is the margin of safety in units, round to a whole number? Bear Tents Inc., a outdoor gear retailer, shows the following for March: tents sold 2,000 selling price per unit $100.00 variable selling costs per unit $18.00 fixed selling and administrative costs $20,000 beginning merchandise inventory $10,000 ending merchandise inventory $20,000 merchandise purchases $80,000 What was the operating leverage for this period, rounded to two decimal places