The wax sold in 64-ounce tubs. John can buy the premium wax at a wholesale cost of $35 per tub. he plans to sell the premium was for $90 per tub. he estimates fixed cost such as travel costs, booth rental cost, and lodging to be $1210 per cat show.

1. Determine the number of tubs John must sell per show to break even. 2. Assume John wants to earn a profit of $990 per show a. Determine the sales volume in units necessary to earn the desired profit b. Determine the sales volume in dollars necessary to earn the desired profit c. Using the contribution margin format, prepare an income statement (condensed version) to confirm your answers to parts a and b. 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired profit. Determine the margin of safety in both sales dollars, units, and as a percentage 8 of 12 (0 complete John Austen is evaluating a business opportunity to sell premium car wax at vintage car shows. The wax is sold in 64-ounce tubs. John can fixed costs such as travel costs, booth rental cost, and lodging to be $1,210 per car show Read the fequirement Requirement 1. Determine the number of tubs John must sell per show to break even Begin by identifying the formula to compute the sales in units at various levels of operating income using the contibution margin approach John must sell tubs per show to breakeven. in units necessary to earn the desired profit assurning John wants to eam a profit of $990 per sh John must sell ]tubs per show to earn a profit of $990 per show. b. Determine the sales volume in dollars necessary to eam the desired profif assuming John wants to earn a prolit of 90 per show Begin by identifying the formula to compute the sales volume in dollars necessary to eam the desired profit x. John must achieve sales of SL to earn a profit of $990 per show version) to confirm your answers to parts a and b. c. Using the contribution margin format, prepare an income statement ( Choose from any list or enter any number in the input fields and then continue to the next question c. Using the contribution margin format, prepare an income statement (condensed version) to confirm your answers to parts a and b Condensed Income Statement Less: Less Net income (loss) Requirement 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired i Begin by identifying the formula to compute the margin of safety in dollars Margin of safety in dollars The margin of safety in dollars is s Margin of safety in units Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired profit Margin of safety in dollars The margin of safety in dollars is S Now identify the formula to compute the margin of safety in units Margin of safety in units The margin of safety in units is units. Now identify the formula to compute the margin of safety as a percentage. Margin of safety as a - percentage of target sales The margin of safety as a percentage of target sales is