Homework: Chapter 7 Homework Question 8, E7-40A (similar to) Part 1 of 17 HW Score: 70,6%, 17,65 of 25 points O Points: 0 of 4 Save Smith Company manufactures and sells a single product. The company's sales and expenses for last year follow. Click the icon to view the information) Read the requirements - X Data table Total Per Unit % Requirements $ 115 000 $ 2 Red 50 2 ? a. Sales Variable expenses Contribution margin Fixed expenses Operating income 7 The 11.500 46.000 1. Fill in the missing numbers in the table. Use the following questions to help in the missing numbers in the table: a. What is the total contribution margin? b. What is the total variable expense? c. How many units were sold? d. What is the per-unit variable expense? e. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? b. What is the breakeven point in sales dollars? 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company sell in order to earn a profit of 558,000? b. What is the current margin of safety in units? c. What is the margin of safety in sales dollars? d. What is the margin of safety in percentage? Print Done Print Done Herpe UTVUMIS VIDEO VETTTTUTE TUTTE Clear all Check