Question: Need done THANKS PROBLEM 2 CVP ANALYSIS Island Enterprises has presented the following information for the past eight months operations: 1. Using the high-low method,

Need done THANKS Need done THANKS PROBLEM 2 CVP ANALYSIS Island Enterprises has presented

PROBLEM 2 CVP ANALYSIS Island Enterprises has presented the following information for the past eight months operations: 1. Using the high-low method, calculate the fixed cost per month and variable cost per unit. 2. Island is planning for December right now and plans to produce and sell 5,000 units at \$6. Please construct a contribution margin income statement for Island. 3. What is Island's contribution margin per unit? What is the contribution margin ratio? 4. What is Island's breakeven point in units? What is Island's breakeven point in Dollars? 5. In December, what will be island's margin of safety measured in units? What will be Island's margin of safety measured in percentage? What is Island's operating leverage in December? 6. Suppose Island's board of director is not happy with their plan and ask them to generate S15,000 profit. How much revenue does Island have to generate to achieve this goal

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