Reference no: EM132536572
Menlo Company distributes a single product. The company's sales and expenses for last month follow:
Total Per Unit
Sales. $302,200 $20
Variable Expenses $211,400 $14
Contribution Margin. $90,600 $6
Fixed Expenses $76200
Net Operating Income. $14,400
Question 1: How many units would have to be sold each month to earn a target profit of $28,200? Use the formula method.
Question 2: Verify your answer by preparing a contribution format income statement at the target sales level.
Question 3: Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).
Margin of Safety in Dollars:
Margin of Safety in Percentage:
Question 4: What is the company's CM ratio? If monthly sales increase by $73,000 and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
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