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Fast Spirit Calendars imprints calendars with college names. The company has fixed expenses of $1,125,000 each...

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Accounting

Fast Spirit Calendars imprints calendars with college names. Thecompany has fixed expenses of $1,125,000 each month plus variableexpenses of $4.50 per carton of calendars. Of the variable?expense, 69?% is cost of goods? sold, while the remaining 31?%relates to variable operating expenses. The company sells eachcarton of calendars for $19.50

1.) The Break Even Sale is ______ Cartoons?

2.) Monthly Sales Needed to Earn $338,000 in Operating Income is______.

3.) Prepare the Company's Contribution Margin Income Statementfor June for Sales of 470,000 Cartoons

Sales Revenue:

Variable Expenses:

Cost of Goods Sold:

Operating Expenses:

Contribution Margin:

Fixed Expenses:

Operating Income:

4.) What is? June's margin of safety? (in dollars)? What is theoperating leverage factor at this level of? sales?

5.) By what percentage will operating income change if? July'ssales volume is 14?% higher? Prove your answer. ?(Round thepercentage to two decimal? places.

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