Question 1: 1. O'Malley Company sells 100,000 units for $13 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement? $600,000. b. $700,000. $950,000. d. $1,050,000. a. c. 2. For Gossen Company, actual sales are $1,000,000 and break -even sales are $840,000. Compute the margin of safety ratio. 3. For Brownstone company, variable costs are 70% of sales, and fixed costs are $195,000 and net income goal is $75,000. Compute the required sales in dollars needed to achieve target net income of $75,000 (Use the contribution margin approach)