Ricky's Repair Shop has a monthly target profit of $28,000. Variable costs are 80% of salos, and monthly fixed costs are $12,000. Requirements 1. Computo the monthly margin of safoty in doliars if the shop achieves its income goal. 2. Express Ricky's margin of safety as a percentage of target sales. 3. Why would Ricky's management want to know the shop's margin of satety? Requirement 1. Compute the monthly margin of salety in dollars if the shop achieves its income goal. Select the labels and enter the amounts to compute Ricky's Repair Shop'e monenly margin of safety in dolare. For its lop managers, Neptune Travel formats its income statement as follows: Neptune's reievant range is between sales of $250,000 and $361,000. Read the requirements: Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contriution margin ratio. (Enter the contribution margin ratio as a whole percentage, X\%.) Data table Complote Stop Driving School charges $1,000 per student to prepare and administer written and drving tests. Variabie costs of s600 per student include trainers' wages, study materials, and gasoline. Arinial ixed costs o $160,000 include the training tacily and fleot of cars. Read the reduirements Requirement 1. For each of the following independent stiations, calculate the contribution margin por unit and the breakeven point in units: Begin by showing the formula for contribution margh per unt and then enter the amounts to calouate the conthbulion margn per und for nach situation. (Abbroviation used. CM = conthbubon margin.) Requirements 1. For each of the folowing independed situatons, calcuate the contribution margin per unt and the breakeven point in unts by tect refareng to toe orignal data provided a. Breakeven point with ne change in iformation b. Decrease sains price to $600 por student c. Decease varable costs 10.5500 per student d. Decrease txed costs to $166,000 2 Compare the impact of changes in the sabs price, varatile costs. and fieed costs oo the contritution margin per unit and the breakeven point in units. Speedys Scooters plans to sell a standard scooter for $320 and a chrome scooter for $400. Speodys purchases the standard scocter for $80 and the chrome scooter for $100. Speedy/s expects to sell erse standard ncooter for every theee chrome scoobers. Speed/'s moehly fiwed costs are $136.800. Read the requerments Requirement 1. How many of each type of scoder must Speodys Scochers sel each month to breek even? Start by selecting the formula and estering the amounts to compule the breakeven point in unts for the "package' of products total scooters to be sold. (Enter a "O" for any zare balances. Enter currancy amourts to the nearest cent. Abbreviation used Weighted avg CM= waighted-average contribulon margin) Annual fored costs total 5923.440 Read the tegumements. Requirement 1. Compute revenue and varible costs for esch show. Select the formula and enter the amounts to compute sales reverue ber each show Sales revenue per show Requirements 1. Comple revenue and vanable cosh for eoch show 2. Use the equation approach to compute the number of shows Anazing Productions msit peform each year to becak even 3. Use the cortubuten margin ratio opgrosch to compule the number of shows 4. Presare Amazing Productons ponivisoen margh income statemert for 125 and fired Following is the income statement for Mueller Multars for the mont? of June 2024 : (Click the icon to view the contritution margin income statement) Read the requirements Requirement 1. Calculate the degree of operating loverage. (Round to four decimal places ) Select the labols and enter the amounts to calculate the degree of operating leverage for Mueler Mufliers Data table Requirements 1. Caicuale the degree of eperating leverape. (Round to four decimal places) 2. Use the depoe of operating leverage calculated in Requrement t to estimate the change in operatng income if stal sales increase by 15% (astuming no change n saies price por unit). Round imerim calculations to kour decirtal piaces and fral answer to the nearest doller) 3. Verfy your answet in Requirement 2 by preparing a contrbution margin income statement weth the totar sales increase of 15% The oonhowion margin income statemeet of Creany Donu/s for August 2004 folows: (Clck the icen to view the contribution margin incorne stabernart?) Creomy selis two doren plain donuts for every dozen castavd-filed donuts. A dovent plan donuts sein for varabie cost of $2.80 per doven. Read the requrements Requirement 1. Calculahe the weighted-average contrtution margin. (Found all cumency amounts to the niearest cent) Requirements 1. Calculate the weghted-average cortrbution margin 2. Determine Creamy's montly breakeven peint in dozens of plan donuts and custard-filled donuta. Prove your artswer by preparing a summary cortrbuton margis income stabement at the breakeven ievel of sales. Show only two categeries of costs vanable and fxed 3. Compute Cisany's margin of salety in dolan for kugat 2024 4. Conpute the degree of oparating leverage for Creary Doruts. Estimate the new operating income if toal sales increase by 10N (Round the degree of coerating loverage to four decmal places and the fnal annwer is the neares! dollar. Asaume the sales enic renairs unchanged? 5. Prove your miwer ta flequerement 4 by pecaring a contrbisoin margn income matemert with a 10% nerease in total ales. (The saies mix. remains unchanged) Data table