This question has 5 parts please help and fill out each part as shown!

1. Compute the number of cartons of calendars that College Rock Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $308,000 in operating income (round the contribution margin ratio to two decimal places). 3. Prepare the company's contribution margin income statement for June for sales of 490,000 cartons of calendars. 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? 5. By what percentage will operating income change if July's sales volume is 14% higher? Prove your answer. College Rock Calendars morta centers with colege names. The company has fand expense of $1.095.000 each monthsarate expenses of $650 percantion of anders of the variable expense. 75% cost of goods soit, while remaining 25 to operating pers The company was each carton el calene Read the Requirement 1. Compute the rumber of cartons of calendar College Rock Calendars must leach month to bresleven. Deon by determining the base come statement on Gorbulon margin .. Operating come Uw encontration you deed bore for the number of contra to break Requirement 2. Comuw heer moont of money. Cohen Rock Calendars reeds in order to a 300.000 in pering income Den yng the forme Contrary to Theme to ww.000wing me Requirements. Prepare the company's contribution margin income statement for June for sales of 490,000 cartons of calendars. College Rock Contribution Margin Income Statement Month Ended June 30 HIII Requirement 4. What is June's margin of safety (in dollars)? What is the operating severage factor at this level of sales? Begin by determining the formula Margin of safety in dottore) The margin of safety What is the operating leverage factor at this level of sales? Begin by determining the formula Operating leverage factor (Round the operating everage factor to the decimal places) The operating leverage factors Requirements. By what percentage will operating income change in Julys sales volume is 14% higher? Prove your answer. (Round the percentage to two decimal places) #volume increases 146. then operating income will increase Prove your answer. (Round the percentage to two decimal places) Orginal volume cartons Add increase in volume Now volume cartone) Med by Unit contribution margin New loon margin Los Flex New opening com Operating income before change in volume Innoceng income Percentage change College Rock Calendars imprints calendars with college names. The company has fixed expenses of $1.095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expense, 75% is cost of goods sold, while the remaining 25% relates to variable operating expenses. The company sells each carton of calendars for $16.50. Read the requirements. Requirement 1. Compute the number of cartons of calendars that College Rock Calendars must sell each month to breakeven. Begin by determining the basic income statement equation. Contribution margin = 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 Rock Calendars needs in order to earn $308,000 in operating income. Begin by determining the formula. Contribution margin ratio = Target sales in dollars (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $308,000 in operating income is Requirement 3. Prepare the company's contribution margin income statement for June for sales of 490,000 cartons of calendars. College Rock Contribution Margin Income Statement Month Ended June 30 College Rock Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expense, 75% is cost of goods sold, while the remaining 25% relates to variable operating expenses. The company sells each carton of calendars for $16.50. Read the requirements Requirement 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? Begin by determining the formula Margin of safety (in dollars) The margin of safety is What is the operating leverage factor at this level of sales? Begin by determining the formula. Operating leverage factor (Round the operating leverage factor to three decimal places.) The operating leverage factor is College Rock Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expense, 75% is cost of goods sold, while the remaining 25% relates to variable operating expenses. The company sells each carton of calendars for $16.50. Read the requirements Requirement 5. By what percentage will operating income change if July's sales volume is 14% higher? Prove your answer. (Round the percentage to two decimal places.) If volume increases 14%, then operating income will increase %. Prove your answer. (Round the percentage to two decimal places.) Original volume (cartons) Add: Increase in volume New volume (cartons) Multiplied by: Unit contribution margin New total contribution margin Less: Fixed expenses New operating income vs. Operating income before change in volume Increase in operating income Original volume (cartons) Add: Increase in volume New volume (cartons) Multiplied by: Unit contribution margin New total contribution margin Less: Fixed expenses New operating income vs. Operating income before change in volume Increase in operating income Percentage change % Requirements 1. Compute the number of cartons of calendars that College Rock Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $308,000 in operating income (round the contribution margin ratio to two decimal places). 3. Prepare the company's contribution margin income statement for June for sales of 490,000 cartons of calendars. 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? 5. By what percentage will operating income change if July's sales volume is 14% higher? Prove your answer. Print Done ng