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TBG Corporation prepared the following contribution format income statement based on a sales volume of 2,530 units units. % Sales $295,504 Variable expenses 106,260 Contribution
TBG Corporation prepared the following contribution format income statement based on a sales volume of 2,530 units units. % Sales $295,504 Variable expenses 106,260 Contribution margin 189.244 Fixed expenses 28,612 Net income $160,632 Each of the following questions is independent. Refer back to the original data unless the question mentions otherwise. Round your answers in a way that makes sense for the question or as requested. 1. Calculate the contribution margin ratio. (round to the nearest whole percent and if you use CMR in future calculations, use the value as rounded here/input code: 0) 2. Calculate the contribution margin per unit. (round to the nearest hundredths place and if you use UCM in future calculations, use the value as rounded here/input code 0.00) 3. If sales increase by one unit, how much would be the increase in Net Income? (enter your answer to the nearest hundredth of a dollar/input code 0.00) 4. If sales decline to 2.300 units, how much would be the new Net Income? (round to the nearest whole dollar/input code: 0) 5. If the selling price increases by $10.50 per unit and the sales volume decreases by 300 units, how much would be the revised Net Income? (round to the nearest whole dollar/input code: 0) 6. How many dollars of sales are required to earn a target net linsome of $135 00 round 11 to $ $ $ $
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