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Viejol Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $250,000 (40% variable and

image text in transcribedimage text in transcribed Viejol Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $250,000 (40\% variable and 60% fixed), direct materials $490,000, direct labor $290,000, administrative expenses $270,000 (20\% variable and 80% fixed), and manufacturing overhead $380,000 (70\% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. (1) Contribution margin for current year Contribution margin for projected year (2) Fixed Costs Break-even point in units units Break-even point in dollars $ The company has a target net income of $212,000. What is the required sales in dollars for the company to meet its target? (Round answer to 0 decimal places, e.g. 1,225. ) Sales dollars required for target net income Margin of safety ratio %

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