Reference no: EM132742960
Menlo Company distributes a single product. The company's sales and expenses for last month follow:
Total Per Unit
Sales $312,000 $20
Variable expenses 218,400 14
Contribution margin 93,600 $6
Fixed expenses 73,200
Net operating income$20,400
Problem 1: How many units would have to be sold each month to attain a target profit of $29,400?
Problem 2: Verify your answer by preparing a contribution format income statement at the target sales level.
Problem 3: Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms.
Problem 4: What is the company's CM ratio? If sales increase by $69,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
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