Requirement 1. Use the equation approach to compute the number of flags smith must sell each year to break even.

Requirement 2. Use the contribution margin ratio approach to compute the dollar sales Smith needs to earn $19,600 in operating for 2018.

Requirement 3. Prepare Smiths contribution margin income statement for the year ended December 31, 2018, for sales of 102,000 flags.

Smith Company sells tags with beam logos Smith has fred costs of $1.078.000 per year plus variable costs of 84 20 per flag Eachflags for $14.00 Read the requirements Requirement 1. Use the equation approach to compute the number of flags Smith must aleach year to break even First, select the formula to compute the required sales in its to break even - Target proft Rearrange the formula you determined above and compute the required number of fage to break even The number of fags Smith mussell each year to break even is Requirement 2. Use the contribution margin ratio approach to compute the dol sales Smith needs to cam $19.000 in operating room for 2018. (Round the contribution margin ratio to two decimal pics) Begin by showing the formula and then entering the amounts to calculate the required sales dotars to sam $19.800 in operating income (Round the required sales in dolar to the rear whole do For example, 510 25 would be rounded to $11. Abbreviation used CM contribution margin) Requirement 3. Prepare Smith's contribution margin income statement for the year ended December 31, 2018, for sales of 102,000 Flags (Round your firal answers up to the next whole number) (Use part minus sign for an operating loss) s of Smith Company Contribution Margin Income Statement Year Ended December 31, 2018 Operating income (Loss) a Shoud S hundert Requirement 4. The company is considering an expansion that will increased costs by 20% and variable costs by $140 por fag Compute the new besteven point in units and in the expansion? Give your reasoning Round your final answers to the next whole number the equation approach ) Begin by selecting the formula to compute the required sales in units to break even under the expansion plan - Target profit