Thi1

This question is asking for filling in the blanks on a projected income statement with a projected 30% expected sales to increase. This is the entire question.

Use the information from the following Income Statement to create and Projected Income Statement and solve the questions at bottom of the page. Complete the Income State to reflect the expected sales increase, then also complete the grey cells at the bottom of the page. Complete the other two spreadsheets in this workbook and after doing all the calculations discuss the impact of variable versus fixed expenses. Include in your conclusion which company you think is in the better financial situation and why. Use 3-4 paragraphs for your total discussion. Income Statement Projected Income Statement Sales Revenue $1,550,000 Concluding Analysis: Variable Costs Purchases Direct labor $250,000 $200,000 0.161290323 0.129032258 $450,000 $1,100,000 Fixed Costs Selling Administrative Manufacturing Overhead $250,000 $300,000 $350,000 $900,000 Profit 0.00% Dollars Percentage Calculate the Contribution Margin Calculate the Gross Margin Ratio Calculate Breakeven Sales Calculate Margin of Safety based on the 30% expected sales increase. $0