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Statement of Operating Income For the Month of June Units Sold 1 0 , 0 0 0 Revenue $ 1 0 0 , 0 0

Statement of Operating Income For the Month of June Units Sold 10,000 Revenue $100,000 Cost of Goods Sold Variable Manufacturing Costs $55,000 Fixed Manufacturing Costs 20,000 Total 75,000 Gross Margin 25,000 Operating Costs Variable Marketing Costs $ 5,000 Fixed Marketing & Administration Costs 10,000 Total Operating Costs 15,000 Operating Income $ 10,000 Required 1. Recast the statement of operating income in a contribution format. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June. 3. What is the margin of safety ( in units) for June. 4. If sales in June weer only 8,000 units and Mirabel's tax rate is 30%. Calculate the net income.

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