Requirements X 1. Compute the number of cartons of calendars that Great Spirit Calendars must sell each month to break even 2. Compute the dollar amount of monthly sales that the company needs in order to earn $312,000 in operating income (round the contribution margin ratio to two decimal places). 3. Prepare the company's contribution margin income statement for June for sales of 485,000 cartons of calendars 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? 5. By what percentage will operating income change if July's sales volume is 11% higher? Prove your answer. Great Sput Calendars imprints calendars with college names. The company has foed expenses of $1,005,000 each month plus variable expenses of $400 por carton of calendars of the variable expense, 72% is cost of goods sold while the remaining 28% relates to variable operating expenses. The company ses each carton of calendars for $12.00 incorredo Read the womens COOTED Requirement 1. Compute the number of cartons of calendars that Great Spinit Calendars must sof each month to breakeven Bogin by determining the basic income statement equation = Operating income