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please hurry Requirement 3. Compute Cosmic's margin of safety in dollars for August 2024. (The contribution margin income statement provided should be used to determine
please hurry
Requirement 3. Compute Cosmic's margin of safety in dollars for August 2024. (The contribution margin income statement provided should be used to determine any expected results) =Marginofsafetyindollars= Requirement 4. Compute the degree of operating leverage for Cosmic Donuts. Estimate the new operating income if total sales increase by 30%. (Round the degree of operating leverage to four decimal places and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) Begin by computing the degree of operating leverage for Cosmic Donuts. (Round the degree of operating leverage to four decimal places, X. XocKX) =Doareeofoperatinaleverape= Entimate the neww operating income if total sales increase by 30%. Round interim caksatations to four docmal places and your finat answer to the nearest dolar. Assume the akes mix reirani unchanged) The estmated operating income wil bo Requirement 5. Prove your antwer to Requirement 4 by peeparing a contribution margin income stasement weth a 30% increase in total sales. (The sales mix remains unchanged) Data table Cosmic Donuts Contribution Margin Income Statement Month Ended August 31, 2024 Net Sales Revenue $124,000 Variable Costs: \begin{tabular}{lrrr} Cost of Goods Sold & $ & 32,400 & \\ Selling Costs & 16,900 & \\ Administrative Costs & 300 & 49,600 \\ \cline { 2 - 3 } & & 74,400 \end{tabular} Fixed Costs: \begin{tabular}{lrr} Selling Costs & 45,540 \\ Administrative Costs & 15,180 & 60,720 \\ \cline { 2 - 3 } & $13,680 \\ \hline \hline \end{tabular} Requirement 4. Compute the degree of operating leverage for Cosnic Donuts. Estimate the new operating income if total sales increase by 30\%s. (Round the degree of operating levera decimal placos and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) Beain by computing the Jee of operating leverage for Cosmie Donuts. (Round the degree of cperating leverage to four decimal places, X00 ) Eatimate the new operating income if total sales increase by 30%. (Round interim calculations to four decimal places and your fnal answne to the nearest dollar. Assume the sales mixn unchanged.) The estinated operating income will be Requirement 5. Prove your answer to Requirement 4 by proparing a contribution margin income statement with a 30% increase in total sales. (The sales mix remains unchanged) Step by Step Solution
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