The contribution margin income statement of Cosmic Donuts for August 2024 follows: : (Click the icon to view the contribution margin income statement.) Cosmic sells five dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $7.00, with total variable cost of $2.80 per dozen. Read the requirements Requirement 1. Calculate the weighted average contribution margin. (Round all currency amounts to the nearest cent.) Plain Total Sales price per unit $ 4.00 $ 1.60 Filled 7.00 2.80 Variable cost per unit Contribution margin per unit 2.40 4.20 Sales mix in units 1 9.60 $ 4.20 13.80 Contribution margin Weighted average contribution margin per unit 2.76 i Data Table Cosmic Donuts Contribution Margin Income Statement Month Ended August 31, 2024 Net Sales Revenue $ 126,000 Variable Costs: Cost of Goods Sold 32,200 Selling Costs 17,100 Administrative Costs 1,100 50,400 Contribution Margin 75,600 Fixed Costs: Selling Costs 36,450 Administrative Costs 12,150 48,600 $ Operating Income 27,000 Print Done i Requirements 1. Calculate the weighted-average contribution margin. 2. Determine Cosmic's monthly breakeven point in dozens of plain donuts and custard-filled donuts. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of costs: variable and fixed. 3. Compute Cosmic's margin of safety in dollars for August 2024. 4. Compute the degree of operating leverage for Cosmic Donuts. Estimate the new operating income if total sales increase by 40%. (Round the degree of operating leverage to four decimal places and the final answer to the nearest dollar. Assume the sales mix remains unchanged.) 5. Prove your answer to Requirement 4 by preparing a contribution margin income statement with a 40% increase in total sales. (The sales mix remains unchanged.) Print Done