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$$s break$-$even point in number of units and in sales revenue. Ramada sells its carts for $$1,400$ each.

$5.$ 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 $$48,000$ profit. Ramada sells its carts for $$1,400$ each.

$7.$ Calculate Ramada$$s degree of operating leverage if it sells $550$ carts. Ramada sells its carts for $$1,400$ each.

$8.$ Using the degree of operating leverage, calculate the change in Ramada$$s profit if sales are $15$ percent less than expected.