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Use the information below to answer questions 1-12 1-12 Electro Co Contribution Income Statement For the financial year ended June 30, 2020 Total.............. Per Unit

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Use the information below to answer questions 1-12 1-12 Electro Co Contribution Income Statement For the financial year ended June 30, 2020 Total.............. Per Unit Sales (400 TVs). .... $100,000............. $250 HER Variable expenses.. 60.000.................... 150 Contribution margin.......... 40.000............ $100 Fixed expenses.. 32.000 Net operating income..........$ 8.000 The contribution margin ratio is -1 %22 0 9620 O %635 O 0 Nothing mentioned ( ) 9637.5 O %40 O If Electro Co. plans a $25,000 increase in sales during the coming year, the target operating profit-2 should increase by 0 Nothing mentioned ( ) 8,500 O 16.000 10,000 O 12.000 9,000 O 15,000 3 The break-even point in unit is -3 0 Nothing mentioned ( ) 250 320 275 318 0 300 The break-even point in sales $ is -4 55,000 O 80,000 100,000 O 72,000 O Nothing mentionedo ( ) 75,000 O The sales volume (in unit) needed to attain $7500 target operating profit is -5 Nothing mentioned o ( ) 390 O 380 O 395 O 400 385 O 375 O The dollar sales needed to attain $7525 target operating profit is -6 95,250.5 O Nothing mentioned ( ) 98,812.5 O 95,500 O 99.910.5 101.500 Margin of safety in dollars is -7 200,000 O 20,000 O 325,000 O 0 Nothing mentioned ( ) 250,000 O 30,000 O 300,000 O Margin of safety (in dollars) percentage is -8 %22 O %20O 9640 0 %37.5 O 9635 %25 O :Degree of operating leverage-9 50 0 Nothing mentioned ( ) 550 550 4.5 O 70 If sales increase by 13.2%, the Percentage change in net operating income is -10 %72 O 9640 O 9637.5 988 0 Nothing mentioned ( ) 966 O 9675 .If sales increase by 18%, the net operating income will be doubled-11 True o False o What is the profit impact if the company decided to: (1) pays a $20 sales commission per TV sold -12 instead of paying salespersons flat salaries that currently total $11,000 per month, and (2) increases ?unit sales from 400 to 525 TVs 21,000 O 18,000 22.000 O 32,000 O 30,000 Nothing mentioned 25,000 20.000

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