Team Spirit imprints calendars with college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50. Question 4 (4 points) Saved Use the equation approach to compute the number of cartons of calendars that Team Spirit must sell each month to break even. (4 marks) 1 Question 5 (4 points) Saved Use the contribution margin short cut formula to compute the dollar amount of monthly sales Team Spirit needs in order to earn $285,000 in operating income.(Hint you must calculate contribution margin and contribution ratio first) (4 marks) Contribution Margin Ratio MacBook Pro # $ % A & N 3 4 5 6 7 8 9 W E R T Y U The Beryl-Lin Centre provides training sessions in personal development and time management. The company is relatively new and management is seeking information regarding the Centre's cost structure. The following information has been gathered since the inception of the business in January of the current year: January February March April May June Seminare offered 10 12 15 18 16 13 Costs incurred $17.000 18,800 20,900 23,762 21,800 19,400 Question 3 (10 points) Using the high-low method, estimate the variable cost per seminar and the total fixed cost per month. (10 marks) Team Spirit imprints calendars with college and university names. The company has MacBook Pro # $ & * 2 8 3 3 4 6 7 8 9 14