Webb Company sells flags with team logos. Webb has fixed costs of $750,000 per year plus variable costs of $750 per flag Each flag sells for $15.00 Read the requirements Requirement 1. Use the equation approach to compute the number of fags Webb must sell each year to break even First, select the formula to compute the required sales in units to break even Target profit Rearrange the formula you determined above and compute the requited number of flags to break even The number of flags Webb must sell each year to break even is Requirement 2. Use the contribution margin ratio approach to compute the dollar sales Webb needs to earn $45,000 in operating income for 2018. (Round the contribution margin ratio to two decimal places) Begin by showing the formula and then entering the amounts to calculate the required sales dollars to eam $45.000 in operating income (Round the required sales in dollars up to the nearest whole dollar. For example, 51025 would be rounded $11. Abbreviation used CM contribution margin) Required sales in dollars Requirement 3. Prepare Webb's contribution margin income statement for the year ended December 31 2018. for sales of 94000 Mags. Round your final answers up to the next whole number) (Use parentheses or a minus sign for an operating oss) Choose from any list or enter any number in the input fields and then continue to the next question 5:19 Webb Company sells flags with team logos. Webb has fixed costs of $750,000 per year plus vanable costs of $750 per flag Each flag sells for $15.00 Read the requirements Requirement 3. Prepare Webb's contribution margin income statement for the year ended December 31, 2018, for sales of 94.000 flags. (Round your final answers up to the next whole number) (Use parentheses or a minus sign for an operating loss Webb Company Contribution Margin Income Statement Year Ended December 31, 2018 Operating Income (Loss) Requirement 4. The company is considering an expansion that will increase fixed costs by 30% and variable costs by 51 50 per Mag Compute the new breakeven point in units and in dollars. Should Webb undertake the expansion? Give your reasoning (Round your final answers up to the next whole number. (Use the equation approach Begin by selecting the formula to compute the required sales in units to break even under the expansion plan Tigutorit Choose from any list or enter any number in the input fields and then continue to the next question 5:21 Operating Income (LOS) Requirement 4. The company is considering an expansion that will increase fxed costs by 30% and variable costs by 51 50 per flag Compute the new breakeven pointin units and in dollars. Should Webb undertake the expansion? Give your reasoning (Round your final answers up to the next whole number) (Use the equation approach) Begin by selecting the formula to compute the required sales in units to break even under the expansion plan Target promet Rearrange the formula you determined above and compute the required number of flags to break even under the expansion plan Under the expansion plan the breakeven point in units would be Tags Under the expansion plan, the breakeven point in dollars would be $ Should Webb undertake the expansion? Give your reasoning Webb should only undertake the expansion it expected profits from the expansion the expected costs Choose from any list or enter any number in the input fields and then continue to the extention 5 w Requirements - X - in units and in dollars. Should Webb un an expansion that will increase fix the next whole number.) (Use the e he required sales in units to break el 1. Use the equation approach to compute the number of flags Webb must sell quati.In each year to break even. 2. Use the contribution margin ratio approach to compute the dollar sales Webb needs to earn $45,000 in operating income for 2018. (Round the contribution margin ratio to two decimal places.) 3. Prepare Webb's contribution margin income statement for the year ended December 31, 2018, for sales of 94,000 flags. (Round your final answers up to the next whole number.) 4. The company is considering an expansion that will increase fixed costs by 30% and variable costs by $1.50 per flag, Compute the new breakeven point in units and in dollars. Should Webb undertake the expansion? Give your reasoning. (Round your final answers up to the next whole number.) ve and compute the required numb point in units would be point in dollars would be eive your reasoning Print Done n if expected profits from the expansil er in the input fields and then continue to the next question O