Question 5 The Year 5 contribution format income statement for ABC Company appears below: ABC Company Income Statement For the Year Ended December 31, Year 5 Sales (16,250 units) Variable Costs Contribution Margin Fixed Costs Net Loss $650,000 $260.000 $390,000 $460.000 -$70.000 Instructions answer the following independent questions and show computations to support your answers. A. How much additional sales revenue does it take to break even? B. ABC wishes to become profitable. They believe that a 25% reduction in variable costs can be achieved if fixed costs increase by $20,000. They also have a target net income of $60,000. Using the new cost structure, how many units will ABC need to sell in Year 3 to achieve their target? If you answer contains a partial unit, round up to the nearest whole unit.

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Engberg Company installs lawn sod in home yards. The company's most recent monthly.contribution format Income statement follows: Percent of Sales 100% Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 92,000 36,800 55,200. 44,160 $ 11,040 40% 60% Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 7% increase in unit sales. Answer is not complete. Complete this question by entering your answers in the tabs below. increases Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34).) Net operating income.…

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QUESTION 14 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96.000 64,000 30,000 $34.000 Determine the number of units Test Company must sell to earn operating income of $50,000. Note: Give your answer using commas. Do not include the word "units." Example: 12,345

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