- Do NOT round calculations, ONLY round final answer for each individual required in a problem

- Use rounded answers for subsequent questions for same problem

- Dollar amount - round to nearest penny

- % to two decimal places

- round units to the next unit

The following is Kendall Ltd's contribution margin income statement for 2019. Sales $ 3,500,000 Variable expenses 2,800,000 Contribution margin 700,000 Fixed expenses 600,000 Operating income $ 100,000 Kendall Ltd. has no beginning or ending inventories, and produced and sold 10,000 units during the year. Question 6 (1 point) What is the company's contribution margin ratio? Question 7 (2 points) What is the company's breakeven sales in units? Question 8 (2 points) If sales increase by 200 units, by how much should operating income increase? AJ 2 Question 8 (2 points) If sales increase by 200 units, by how much should operating income increase? A/ Question 9 (2 points) How many units would the company have to sell to attain target operating income of $205,000? A/ Question 10 (2 points) What is the company's margin of safety in dollars? A Question 11 (1 point) What is the company's degree of operating leverage? AJ