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Question - Skyline Corp. produces a single product. The projected operating income for the coming year is as follows:
Sales $1,800,000
Variable costs 756,000
Contribution margin 1,044,000
Fixed costs 764,000
Operating income $280,000
Skyline Corp. is subject to tax at a rate of 35%.
Required -
a) Calculate the break-even point (in dollars) and the margin of safety {in dollars).
b) Determine the level of sales that would generate net income after tax of $325,000.
c) The marketing department believes that a price cut of 5%, combined with an increase in the annual advertising budget of $80,000, would increase sales by 20%. Calculate the incremental benefit of this proposal. Use incremental analysis - do NOT prepare a revised income statement.
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