Try Spirit 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, while the remaining 29% relates to variable operating expenses. The company sells each carton of calendars for $13.50. Read the requirements. 1. Compute the number of cartons of calendars that Try Spirit Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $304,000 in operating income (round the contribution margin ratio to 3. Prepare the company's contribution margin income statement for June for 4. What is June's margin of safety (in dollars)? What is the operating leverage 5. By what percentage will operating income change if July's sales volume is two decimal places). sales of 455,000 cartons of calendars. factor at this level of sales? 12% higher? Prove your answer. he 0 Print Done Requirement 1. Compute the number of cartons of calendars that Try Spirit Calendars must sell each month to breakeven Begin by determining the basic income statement equation. - Operating income Using the basic income statement equation you determine even. cartons to break Contribution margin Fixed expenses Number of cartons The breakeven sales iscartons Requirement 2. Compute the dollar amount of monthly sa Sales revenue n order to earn $304,000 in operating income. Variable expenses Requirement 2. Compute the dollar amount of monthly sales Try Spirit Calendars needs in order to earn $304,000 in operating income. Begin by determining the formula. Target sales in dollars )r (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $304,000 in operating income is $ L Try Spirit Contribution Margin Income Statement Month Ended June 30