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Q1. The following is Jordon Manufacturing's contribution format income statement for last month $1.400,000 $900.000 $500,000 $300,000 $200,000 Sales Less: Variable Expenses Contribution Margin Less:
Q1. The following is Jordon Manufacturing's contribution format income statement for last month $1.400,000 $900.000 $500,000 $300,000 $200,000 Sales Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income The company has no beginning or ending inventories and produced and sold 10,000 units during the month Required: a) What is the company's contribution margin ratio? b) What is the company's break-even in units? c) If sales increase by 100 units, by how much should operating income increase? d) How many units would the company have to sell to attain target operating income of S225,000? e) What is the company's margin of safety in dollars? What is the company's degree of operating leverage
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