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Problem 81 26 27 28 29 30 31 32 33 34 35 36 37 Ben's Busiate Corp. has provided you with the following annual information regarding operating revenue and costs: Sales Revenue $ 13,200,000 Fixed Variable a b 38 39 40 Expenses Compensation costs Utilities Advertising Insurance Variable costs Total Cost as a % of sales 6,063,000 36.00% 1,310,000 d + 5.00% 1,188,000 2.00% 42 924,000 272,000 192,000 64,000 992,334 Supplies Professional fees Other SG&A expenses 43 64,000 1.784,334 m n Required: FILL the values for an Prepare an income statement using the contribution margin format assuming a tax rate of 40% nD Problem 82 For 2020 Rocio's Rotelle, Ltd. reported the following revenue and expenses: 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 Sales revenue Fixed costs Variable costs $ 6,200,000 $ 2,546,000 $ 3,844,000 Calculate the breakeven sales for Rocio How much total revenue is required to generate in order to have $190,000 of pre-tax income b c How much total revenue is required to generate to attain Income before tax which is 8% of sales d How much total revenue is required to generate to have Net Income of $272,000 (32% tax rate) How much total revenue is required to generate to have Net Income which is 3.4% of sales (32% tax rate) 34 Sales Revenue 35 36 37 38 Variable costs as a % of sales Fixed Variable Total Cost 39 40 Expenses Compensation costs Utilities Advertising Insurance Supplies Professional fees Other SG&A expenses 41 42 43 44 45 46 47 48 Required: a. FILL the values for a --->n 49 50 Prepare an income statement using the contribution margin format assuming a tax rate of 40% 51

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