Starlet Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Lupe, a potential investor in the business. Help Mr Lupo understand Starlet Beauty's cost structure, Click the icon to view the operating income statement.) Read the requirements Requirement 1. Recast the income statement to emphasize contribution margin. Starlet Cosmetics Operating Income Statement, June 2020 Requirement 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. Begin by selecting the formula to calculate the contribution margin percentage. Then enter the amounts in the formula to calculate the percent. (Enter the percentage as a whole number) = Contribution margin percentage % Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Enter the contribution margin per unit to two decimal places, X.XX.) Breakeven point in units units Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula (Enter the percentage as a whole number) Breakeven point in revenues Requirement 3. What is the margin of safety (in units) for June 2020? Determine the formula to calculate the margin of safety in units. Then enter the amounts in the formula and calculate the margin of safety for June 2020. Margin of safety units Requirement 4. If sales in June were only 8,500 units and Starlet's tax rate is 30%, calculate its net income ge Lupe, 011 Le IVIL view nts. Data Table cast til Starlet Beauty Operating Income Statement, June 2020 Opera Units sold 10,000 $ 120,000 Revenues Cost of goods sold Variable manufacturing costs $ 50,000 19,920 69,920 50,080 Fixed manufacturing costs Total Gross margin Operating costs Variable marketing costs Fixed marketing and administrative costs Total operating costs 22.00 18,000 40,000 $ 10,080 Operating income alculate the for Thole nu Print Done ate the view the operating income statement.) ts. - ast the income statement to emphasize contribution margin. Starlet Cosmetics perd Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? 4. If sales in June were only 8,500 units and Starlet's tax rate is 30%, calculate its net income. Print Done alculate the contribution margin percentage and breakeven point in units and revenues for June 2020. the formula to calculate the contribution margin percentage. Then enter the amounts in the formula to calculate th hole number Requirement 1. Recast the income statement to emphasize w Starlet Cosmetics Operating Income Statement, June 2020 Contribution margin Cost of goods sold Fixed costs Fixed manufacturing costs Fixed marketing and administration costs Gross margin Operating costs Operating income 1 Revenues E ige and breakeven point in u margin percentage. Then en Contribution margin perc % Total cost of goods sold Total fixed costs 1, enter the amounts to calcu Total operating costs = Breakever Total variable costs [ Units sold avenues. Then, enter the am Variable costs Variable manufacturing costs
