The year end income statement for Sophie Corporation is presented below: Sophie Corporation Income Statement For the Year Ended December 31, 2019 Sales (450 units) $31,500 Cost of Goods Sold Labor $7,875 Material $9,450 Fixed Overhead $1,575 $18,900 Gross Profit $12,600 Administrative Expense Fixed $4,725 Variable $3,150 $7,8751 Operating Income $4,725 Do not enter dollar signs or commas in the input boxes, Round all answers to the nearest whole number For Unit.calculations round your answers up to the nearest whole number a) Calculate the contribution Margin and Operating Income for the year. Contribution Margin: Mango 9 Course: Conesto... NE Conestoga Coleje Come Schedule ACCI2460-20 X Accounting As A Second Lang X Th Our #2 ameengage.com/mod/qui/attempt.php?attempt 324787&cmid-966853 CONESTOGA AME ENGAGE English a) Calculate the Contribution Margin and Operating Income for the year Contribution Margin: Operating Income: b) Calculate the contribution margin ratio. Contribution Margin Ratio: 25 Calculate the break-even sales and break-even units. Break-even unit: Break even sales: S d) Suppose the company would like to generate an operating profit of $5,000. Determine the revenue that is needed to obtain this target, and calculate the number of units that need to be produced to meet this goal. Target units Target sales: $ e) Given the company's current yearly sales amount is $31.500, what is the margin of safety in dollars and in units? Margin of Safety (units): Margin of Safety (Dollar): $ Quiz 2 - Google Course (Conesto.. to The year end income statement for Sophie Corporation is presented below: Sophie Corporation Income Statement For the Year Ended December 31, 2019 Sales (450 units) $31,500 Cost of Goods Sold Labor $7,875 Material $9,450 Fixed Overhead $1,575 $18,900 Gross Profit $12,600 Administrative Expense Fixed $4,725 Variable $3,150 $7,8751 Operating Income $4,725 Do not enter dollar signs or commas in the input boxes, Round all answers to the nearest whole number For Unit.calculations round your answers up to the nearest whole number a) Calculate the contribution Margin and Operating Income for the year. Contribution Margin: Mango 9 Course: Conesto... NE Conestoga Coleje Come Schedule ACCI2460-20 X Accounting As A Second Lang X Th Our #2 ameengage.com/mod/qui/attempt.php?attempt 324787&cmid-966853 CONESTOGA AME ENGAGE English a) Calculate the Contribution Margin and Operating Income for the year Contribution Margin: Operating Income: b) Calculate the contribution margin ratio. Contribution Margin Ratio: 25 Calculate the break-even sales and break-even units. Break-even unit: Break even sales: S d) Suppose the company would like to generate an operating profit of $5,000. Determine the revenue that is needed to obtain this target, and calculate the number of units that need to be produced to meet this goal. Target units Target sales: $ e) Given the company's current yearly sales amount is $31.500, what is the margin of safety in dollars and in units? Margin of Safety (units): Margin of Safety (Dollar): $ Quiz 2 - Google Course (Conesto.. to
