Ramada Company produces one golf cart model. A partially complete table of company costs follows: Number of golf carts produced and sold 400 500 600 Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ ? $280,000 $ ? 2 120,000 ? 2 400,000 2 7 7 2 7 2 2 2 2 Required: 1. Complete the table. 2. Ramada sells its carts for $1,400 each. Prepare a contribution margin income statement for each of the three production levels given in the table. 4. Calculate Ramada's break-even point in number of units and in sales revenue. 5. Assume Ramada sold 200 carts last year. Without performing any calculations, determine whether Ramada earned a profit last year. 6. Calculate the number of carts that Ramada must sell to earn $48,000 profit. 7. Calculate Ramada's degree of operating leverage if it sells 550 carts. 8. Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 15 percent less than expected. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 25 Number of Golf Carts Produced and Sold 400 Units 500 Units 600 Units Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 280,000 120,000 $ 0 $ 400,000 $ 0 $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 > change in Ramada's profit if sales are 15 percent less than e Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8. Ramada sells its carts for $1,400 each. Prepare a contribution margin income statement for each of the three production levels given in the table. Golf Carts Produced and Sold Contribution Margin Income from Operations 400 units 500 units 600 units < Required 1 Required 4 > 6 5 ts eBook Print ferences Required: 1. Complete the table. 2. Ramada sells its carts for $1,400 each. Prepare a contribution margin income statement for each of the three p in the table. 4. Calculate Ramada's break-even point in number of units and in sales revenue. 5. Assume Ramada sold 200 carts last year. Without performing any calculations, determine whether Ramada em 6. Calculate the number of carts that Ramada must sell to earn $48,000 profit. 7. Calculate Ramada's degree of operating leverage if it sells 550 carts. 8. Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 15 percent less the Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8 Calculate Ramada's break-even point in number of units and in sales revenue. (Round your "Unit" and "Sales Revenue answers to the nearest whole number.) Break-Even Units Break-Even Sales Revenue Carts < Required 2 Required 5 > everage, calculate the change in Ramada's profit if sales are 15 percent less than expec Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8. Calculate the number of carts that Ramada must sell to earn $48,000 profit. Target Unit Sales Carts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8 Calculate Ramada's degree of operating leverage if it sells 550 carts. (Round your answer to 4 decimal places.) Degree of Operating Leverage < Required 6 Required 8 > Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required 8 Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 15 percent less than expected. (Round your answer to 3 decimal places. (i.e. .12345 should be entered as 12.345%.)) Effect on Profit %