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Q The controller of Tome Industries has collected the following monthly operating data, the selling price, the variable cost per unit, fixed cost per month

Q The controller of Tome Industries has collected the following monthly operating data, the selling price, the variable cost per unit, fixed cost per month and income tax ratio did not change

May

June

July

Sales revenue $

1,800,000

2,400,000

2,500,000

Total variable cost

Contribution margin$

Fixed cost

Income tax expense

180,000

Margin of safety ratio

Net of tax profit$

280,000

420,000

Instructions

Determine missing amounts in schedule.

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