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Use the following information to answer the budgeting questions for the MaGeT 300 Company: Fixed costs: $540,000 Price per unit: $150 Variable cost per unit:

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Use the following information to answer the budgeting questions for the MaGeT 300 Company: Fixed costs: $540,000 Price per unit: $150 Variable cost per unit: $105 D. From 2016-2021, MaGeT 300's revenues have grown at a 3.5% CAGR, with last year's sales recorded at $4,500,000. Help MaGeT 300 leadership team form a revenue-projection budget for 2022 by assuming the company revenues will grow at the 5-year CAGR. 1. What would the revenue projection for 2022 be? S[D1] 2. How many units will MaGeT 300 need to sell to reach that revenue goal? [D2] units 3. What is the contribution rate? $[D3] 4. What would the projected gross income for 2022 be in this budget? S[D4] 5. What would the projected operating income for 2022 be in this budget? S[D5] Use the following information to answer the budgeting questions for the MaGeT 300 Company: Fixed costs: $540,000 Price per unit: $150 Variable cost per unit: $105 D. From 2016-2021, MaGeT 300's revenues have grown at a 3.5% CAGR, with last year's sales recorded at $4,500,000. Help MaGeT 300 leadership team form a revenue-projection budget for 2022 by assuming the company revenues will grow at the 5-year CAGR. 1. What would the revenue projection for 2022 be? S[D1] 2. How many units will MaGeT 300 need to sell to reach that revenue goal? [D2] units 3. What is the contribution rate? $[D3] 4. What would the projected gross income for 2022 be in this budget? S[D4] 5. What would the projected operating income for 2022 be in this budget? S[D5]

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