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This is only one question with 5 requirement. College Team Calendars imprints calendars with college names. The company has fixed expenses of $1,065,000 each month

This is only one question with 5 requirement. image text in transcribed
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College Team Calendars imprints calendars with college names. The company has fixed expenses of $1,065,000 each month plus variable expenses of $3.50 per carton of calendars. of the variable expense, 71% is cost of goods sold tie the remaining 29% re tes to variable operating expenses. The company sells each anon of calendars for Stas Read the requirements. Requirement 1. Compute the number of cartons of calendars that College Team Calendars must sell each month to breakeven. Begin by determining the basic income statement equation Operating income Using the basic income statement equation you determined above solve for the number of cartons to break even. The breakeven sales is cartons Requirement 2. Compute the dollar amount of monthly sales College Team Calendars needs in order to eam $304,000 in operating income. Begin by determining the formula. Target sales in dollars (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $304,000 in operating income is S Requirement 3. Prepare the company's contribution margin income statement for June for sales of 475,000 cartons of calendars. College Team Contribution Margin Income Statement Month Ended June 30 Choose from any list or enter any number in the input fields and then continue to the next question. 0

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