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Please use the following information for Questions 1 5 : Gogo Inc. produces and sells projectors and has a relevant range between 1,000 units and
Please use the following information for Questions 1 5 : Gogo Inc. produces and sells projectors and has a relevant range between 1,000 units and 2,000 units per year. Manufacturing overhead costs range from $1,000,000 to $1,250,000 at the low and high ends of the relevant range, respectively. All Gogo's products are customized, so it does not keep any inventory. Gogo's income tax rate is 25%. The following is Gogo's sales and costs information for the month of June: Do not enter "\$" and "," for your answers. Do not enter "\$" and "," for your answers. Using the high-low method, calculate: Please round your calculations to the nearest dollar. (a) the fixed manufacturing overhead cost: \$ (b) the unit variable manufacturing overhead cost: $ (c) the total manufacturing overhead cost for 1,500 units: $ Calculate: Please round your calculations to 1 decimal points. Do not enter "\$" and "," for your answers. (a) the contribution margin: % (b) the gross margin: % Question 3 3 pts Do not enter "\$" and "," for your answers. Calculate: (a) the total period costs (operating expenses): \$ (b) the fixed period costs (operating expenses): $ (c) the total fixed costs (including both fixed product and fixed period cost): $ Based on the above answers, calculate (a) the break-even point in units: units (b) the degree of operating leverage: (c) the margin of safety in units: units Question 5 2 pts Do not enter "\$" and "," for your answers. Calculate: (a) the sales dollars needed to earn income after taxes of $210,000:$ (b) sales dollars required to yield an after-tax profit of 7.5% of sales: $
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