Question: (Make sure to show work so that partial credit may be given.) 1. Hosmer Co. has fixed costs totaling $165,000. Its unit contribution margin is

 (Make sure to show work so that partial credit may be

(Make sure to show work so that partial credit may be given.) 1. Hosmer Co. has fixed costs totaling $165,000. Its unit contribution margin is $1.50, and the selling price is $5.50 per unit. Compute the break-even point in units. 2. Johnson Company had Sales of $340,000, Variable costs of $180,000, Contribution Margin of $160,000, fixed costs of $70,000, and Income from Operations of $90,000. Compute Johnson Company's operating leverage. 3. Donald Company has fixed costs of $480,000. It has a unit-selling price of $6, unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required sales in units to achieve its target net income. 4. For Murphy Company, actual sales are $2,000,000, and break-even sales are $1,500,000. Compute (a) the margin of safety in dollars, and (b) the margin of safety ratio. 5. For Rockett Company, sales are $500,000 variable costs are $200,000, and fixed costs are $240,000. Compute (a) the contribution margin in dollars, (b) the contribution margin ratio

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