Ramada Company produces one golf cart model. A partially complete table of company costs follows: 400 500 600 $ $ Number of golf carts produced and sold Total coats Variable costs Fixed costs per year Total coats Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit. $330,000 120,000 450,000 2 ? 7 ? ? 7 2 ? Required: 1. Complete the table. 2. Ramada sells its carts for $1,650 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 6. Calculate the number of carts that Ramada must sell to earn $28,500 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. year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 required Required a 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 6 Required 7 Required & Ramada sells its carts for $1,650 each. Prepare a contribution margin income statement for each of the three production levels given in the table. Golf Carts Produced and Sold Sales Revenue Variable Costs 400 units 500 units 600 units S 660,000 $ 825,000s S 990,000 264,000 330,000 396,000 S $ 396,000S 495,000 S Contribution Margin Fixed Costs 594,000 120,000 120,000 12,000 Income from Operations S 276,000 $ 375,000S 678,000 Required: 1. Complete the table. 2. Ramada sells its carts for $1,650 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 6. Calculate the nurnber of carts that Ramada must sell to earn $28,500 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. year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required & Calculate the number of carts that Ramada must sell to earn $28,500 profit. Target Unit Sales 287,500 Carts Required: 1. Complete the table. 2. Ramada sells its carts for $1,650 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 nurnber of carts that Ramada must sell to earn $28,500 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 5 Required 6 Required 7 Required B Calculate Ramada's degree operating leverage if it sells 550 carts. (Round your answer to 4 decimal places.) Degree of Operating Leverage 1.2600 Required: 1. Complete the table. 2. Ramada sells its carts for $1,650 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 $28,500 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required S 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. (.e. .12345 should be entered as 12.345%.)) Effect on Profit (19.200) %
