Ramada Company produces one golf cart model. A partially complete table of company costs follows: Number of golf carts produced and sold 1,200 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 Required: 1. Complete the table. 800 $ 2 1,000 $ 500,000 $ ? 2 2 240,000 $740,000 ? ? 7 ? 2 2 2 2 2. Ramada sells its carts for $1,250 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. Ramada sells its carts for $1,250 each. 5. Assume Ramada sold 350 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 $30,000 profit. Ramada sells its carts for $1,250 each. 7. Calculate Ramada's degree of operating leverage if it sells 1,050 carts. Ramada sells its carts for $1,250 each. 8. Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 10 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. 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. 800 Units 1,000 Units 1,200 Units Note: Round your "Cost per Unit" answers to 2 decimal places. Number of Golf Carts Produced and Sold 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 $ 500,000 240,000 $ 0 $ 740,000 $ 0 + $ 0.00 $ 0.00 $ 0.00 6. Calculate the number of carts that Ramada must sell 7. Calculate Ramada's degree of operating leverage if it sells 1,050 carts. Ramada sells its carts for $1,250 each. 8. Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 10 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 Ramada sells its carts for $1,250 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 800 units 1,000 units 1,200 units Income from Operations < Required 1 Required 4 > Prev 3 of 3 Next Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 4 Required 5 Required 6 Required 7 Required 8 Calculate Ramada's break-even point in number of units and in sales revenue. Ramada sells its carts for $1,250 each. Note: Do not round your intermediate calculations. Round your "Unit" and "Sales Revenue" answers to the nearest whole number. Break-Even Units Break-Even Sales Revenue Carts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Require 5 Required 6 Required 7 Required 8 Assume Ramada sold 350 carts last year. Without performing any calculations, determine whether Ramada earned a profit last year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 41 Required 5 Required 6 Required 7 Required 8 Calculate the number of carts that Ramada must sell to earn $30,000 profit. Ramada sells its carts for $1,250 each. Note: Do not round your intermediate calculations. Target Unit Sales Carts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required S Required 6 Retired 7 Required 8 Calculate Ramada's degree of operating leverage if it sells 1,050 carts. Ramada sells its carts for $1,250 each. Note: Do not round your intermediate calculations. Round your answer to 4 decimal places. Degree of Operating Leverage < Required 6 Required 8 > 7. Calculate Ramada's degree of operating leverage if it sells 1,050 carts. Ramada Sells its cars for 8. Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 10 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 Using the degree of operating leverage, calculate the change in Ramada's profit if sales are 10 percent less than expected. Note: Do not round your intermediate calculations. Round your answer to 3 decimal places. (i.e. 0.12345 should be entered as 12.345%.). Change in Profit % < Required 7 Required B>