Requirement 5. By what percentage will operating income change if July's sales volume is 16% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 16%, then operating income will increase %. Prove your answer. (Round the percentage to two decimal places.) Requirement 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? Begin by determining the formula. =Marginofsafety(indollars) The margin of safety is What is the operating leverage factor at this level of sales? Begin by determining the formula. (Round the operating leverage factor to three decimal places.) The operating leverage factor is Requirement 5. By what percentage will operating income change if July's sales volume is 16% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 16%, then operating income will increase % Prove your answer. (Round the percentage to two decimal places.) Requirement 2. Compute the dollar amount of monthly sales Vast Spirit Calendars needs in order to earn $304,000 in operating income. Begin by determining the formula. (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $304,000 in operating income is Requirement 3. Prepare the company's contribution margin income statement for June for sales of 465,000 cartons of calendars. Requirement 5. By what percentage will operating income change if July's sales volume is 16% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 16%, then operating income will increase %. Prove your answer. (Round the percentage to two decimal places.) Requirement 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? Begin by determining the formula. =Marginofsafety(indollars) The margin of safety is What is the operating leverage factor at this level of sales? Begin by determining the formula. (Round the operating leverage factor to three decimal places.) The operating leverage factor is Requirement 5. By what percentage will operating income change if July's sales volume is 16% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 16%, then operating income will increase % Prove your answer. (Round the percentage to two decimal places.) Requirement 2. Compute the dollar amount of monthly sales Vast Spirit Calendars needs in order to earn $304,000 in operating income. Begin by determining the formula. (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $304,000 in operating income is Requirement 3. Prepare the company's contribution margin income statement for June for sales of 465,000 cartons of calendars
