The contribution margin income statement of Cosmic Donuts for August 2018 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 Filled Total Contribution margin Weighted average contribution margin per unit Barest ce Cosmic Donuts Contribution Margin Income Statement Month Ended August 31, 2018 Net Sales Revenue $ 126,000 Variable Costs: Cost of Goods Sold 32,000 Selling Costs 17,300 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 or co Jonuts. Prove riable and fix sta intri i Requirements veigh 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 2018 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.) in marg Requirement 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 fored We'll begin with the breakeven point. Start by selecting the formula and entering the amounts to compute the breakeven point in units for the package of products total dozens of donuts to be sold. (Complete all answer boxes. Enter a "0" for any zero balances Enter currency amounts to the nearest cont. Abbreviation used. Weighted-avg. CM = weighted average contribution margin.) Required sales in units Determine Comic's monthly breakeven point in dozens of plain donuts and custard-filled donuts The breakeven point is dozen plein donuts and doren custard-led 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. (Enter a "0" for any zero balances) Total Cosmic Donuts Contribution Margin Income Statement Plain Filled Net Sales Revenue Variable Costs Contribution Margin Fored Costs Operating Income Requirement 3. Compute Cosmic's margin of safety in dollars for August 2018. (The contribution margin income statement provided should be used to determine any expected results.) = Margin of safety in dollars Requirement 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.) Begin by computing the degree of operating leverage for Cosmic Donuts (Round the degree of operating leverage to four decimal places, XXXXX) * Degree of operating leverage Estimate the new operating income of total sales increase by 40%. Round interim calculations to four decimal places and your final answer to the nearest dollar Assume the sales mix remains unchanged). The estimated operating income will be Choose from any stor enter any number in the input fields and then continue to the next