Reference no: EM132951123
The following is Thomas Ltd.'s contribution margin income statement for the year.
Sales $ 2,000,000
Variable expenses 1,600,000
Contribution margin 400,000
Fixed expenses 200,000
Operating income $ 200,000
Thomas Ltd. sold 4,000 units during the year.
Required:
Problem 1: What is the company's contribution margin ratio?
Problem 2: What is the company's breakeven sales in units?
Problem 3: If sales increase by 200 units, by how much would operating income increase?
Problem 4: How many units would the company have to sell to attain target operating income of $250,000?
Problem 5: What is the company's margin of safety in dollars?
Problem 6: What is the company's degree of operating leverage?
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