2 - 6 the procECTIVE 12 4 5Exercise 7-50 Break-Even Units, Contribution Margin Ratio, Multiple-ProductBreak-even, Margin of Safety, Degree of Operating LeverageJellico Inc's projected operating income (based on sales of 450,000 units) for the coming yearis as follows:TotalSales$11,700,000Total variable cost8,190,000Contribution margin$ 3,510,000Total fixed cost2,254,200Operating income$ 1,255,800Required:1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c) contributionmargin ratio, (d) break-even point in units, and (e) break-even point in sales dollars.2. How many units must be sold to earn operating income of $296,400?3. Compute the additional operating income that Jellico would earn if sales were $50,000more than expected.4. For the projected level of sales, compute the margin of safety in units, and then in salesdollars.5. Compute the degree of operating leverage. (Note: Round answer to two decimal places.)6. Compute the new operating income if sales are 10% higher than expected.

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Exercise 7-50 Break-Even Units, Contribution Margin Ratio, Multiple-Product Break-even, Margin of Safety, Degree of Operating Leverage Jellico Inc's projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $11,700,000 Total variable cost 8,190,000 Contribution margin $ 3,510,000 Total fixed cost 2,254,200 Operating income $ 1,255,800

Exercise 7-50 Break-Even Units, Contribution Margin Ratio, Multiple-Product Break-even, Margin of Safety, Degree of Operating Leverage Jellico Inc's projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $11,700,000 Total variable cost 8,190,000 Contribution margin $ 3,510,000 Total fixed cost 2,254,200 Operating income $ 1,255,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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