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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

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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 6 (5 points) Prepare Team Spirit contribution margin income statement for June for sales of 450,000 cartons of calendars. (5 marks) 8 Question 7 (2 points) What is June's margin of safety in dollars. (2 marks)

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