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****URGENT**** ****PLEASE ANSWER ALL QUESTIONS**** Question: Abigayle's swim club shows the following information for the year: Sales $ Less: Variable costs $ Contribution margin $
****URGENT****
****PLEASE ANSWER ALL QUESTIONS****
Question: Abigayle's swim club shows the following information for the year: Sales $ Less: Variable costs $ Contribution margin $ Less: Fixed costs $ Operating income 1,750 700 1,050 1,008 42 The club had 250 students during the year. Required: Using cost-volume-profit analysis, answer the following questions. What is the club's contribution margin ratio? A/ What is the club's breakeven sales in students? 4 How many students would the club have to sign up to attain a target operating income of $168? A/ What is the club's margin of safety in students? A/ What is the club's degree of operating leverage? Round your answer to 2 decimal places. A/ Use the rounded answer you just entered to calculate the answer to this question. If sales increase by 10%, operating income would increase by $Step by Step Solution
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