How would you do #7 if they asked you this instead: "What is the margin of safety in dollars and percent for #5 above?"

In the month of April, JAZ Company sold 7,100 units of product. The average sales price was $750. During the month, fixed costs were $1,500,000 and varible costs were 60% of sales. Calculate the following items in the Contribution Margin model (income statement), showing & labeling your work. include formulas in shaded cells loo. Labels a sales 750 bvariable costs - 450 cochabamaran 300 d fixed costs 1,500,000 e income 5 Generate a contribution margin income statement for the month of April. JAZ Company Contribution Margin Income Statement For the Month ended April 30 Computations sales 5000@750 3,750,000 -5,000@uso VC 2.250 000 1,500,000 hned oasis income ans = 1,500,000/3,750,000 = 40% 6 How many more units would need to be sold to have additional net income of $72,000? fixed costs target income (cm ratio 70,000/4 190,000 more units 10020 1.500.000 4020 1 contribution margin per unit - Sales VCCM $ 300 per unit computed above 2 contribution margin ratio scm/sales xi 006 CM 4070 % computed above 2007 so tvoj 3 break-even point in dollars BE $ 3.750 000 fixed costs (em ratio 1,500,000/.40 -3,750,000 4 break-even point in units BE 5000 units fixed costs/anger unit 1,500,000/300 (7 What is the margin of safety in dollars and percent if the company sold $4,200,000 over the break-even 4,200,000 -3,750,00 expected sales-BE sales $450000 margin of safety lexpected 10.7 % 450,000/4200 000