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Fanning Company makes and sells products with variable costs of $24 each. Fanning incurs annual fixed costs of $346,800. The current sales price is $92.

Note: The requirements of this question are interdependent. For example, the $272,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements.

Required information [The following information applies to the questions displayed below.) Fanning Company makes and sells products with variable costs of $24 each. Fanning incurs annual fixed costs of $346,800. The current sales price is $92 Note: The requirements of this question are interdependent. For example, the $272,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. f. If variable cost rises to $30 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Reg F1 Reg F2 If variable cost rises to $30 per unit, what level of sales is required to earn the desired profit? (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars Ren F1 Roq F2 > BE Drau 15 16 nf 16 Next > displayed below.) Fanning Company makes and sells products with variable costs of $24 each. Fanning incurs annual fixed costs of $346,800. The current sales price is $92. Note: The requirements of this question are interdependent. For example, the $272,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. f. If variable cost rises to $30 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format Complete this question by entering your answers in the tabs below. Reg F1 Reg F2 If variable cost rises to $30 per unit, prepare an income statement using the contribution margin format. FANNING COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income $ 272,000