Cullumber Corporation sells a single product for $40. Its management estimates the following revenues and costs...

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Cullumber Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year. Net sales $420,000 Selling expenses-variable $16,800 Direct materials 75,600 Selling expenses-fixed 16,800 Direct labour 50,400 Administrative expenses-variable 8,400 Manufacturing overhead-variable 16,800 Administrative expenses-fixed 8,400 Manufacturing overhead-fixed 25,200 Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual operating income. (Round answers to 0 decimal places, eg. 15 or 15%.) Contribution margin ratio Annual margin of safety ratio Annual operating income $ 52 % 80 % Assume the price remains at $40 per unit and variable costs remain the same per unit, but fixed costs increase by 16% annually. Calculate the percentage increase in unit sales required to achieve the same level of annual operating income calculated in part second part. (Round answer to 2 decimal places, e.g. 15.25%) Percent increase in unit sales % Question Part Score Determine the sales required to earn an operating income of $302,400 after tax. Cullumber Corporation's income tax rate is 50%. Sales required to earn an operating income of $302,400 $ --/1 Cullumber Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year. Net sales $420,000 Selling expenses-variable $16,800 Direct materials 75,600 Selling expenses-fixed 16,800 Direct labour 50,400 Administrative expenses-variable 8,400 Manufacturing overhead-variable 16,800 Administrative expenses-fixed 8,400 Manufacturing overhead-fixed 25,200 Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual operating income. (Round answers to 0 decimal places, eg. 15 or 15%.) Contribution margin ratio Annual margin of safety ratio Annual operating income $ 52 % 80 % Assume the price remains at $40 per unit and variable costs remain the same per unit, but fixed costs increase by 16% annually. Calculate the percentage increase in unit sales required to achieve the same level of annual operating income calculated in part second part. (Round answer to 2 decimal places, e.g. 15.25%) Percent increase in unit sales % Question Part Score Determine the sales required to earn an operating income of $302,400 after tax. Cullumber Corporation's income tax rate is 50%. Sales required to earn an operating income of $302,400 $ --/1