Question: need help with i and j II. Problems 1. Gilley, Inc. sells a single product. The company's most recent income statement is given below Sales

 need help with i and j II. Problems 1. Gilley, Inc.

need help with i and j

II. Problems 1. Gilley, Inc. sells a single product. The company's most recent income statement is given below Sales (4,000 units) Less variable costs Contribution margin Less fixed costs Operating income Required: a. Contribution margin per unit is $120,000 68.000 (40,000) $ 12,000 52,000 3 per wmit3-17.313 _ per b. If sales are doubled to $240,000, total variable costs will equal 13GO c. If sales are doubled to $240,000, total fixed costs will equal d. If 10 more units are sold, profits will increase by s 130 3to e. Compute how many units must be sold to break even #3077 q007 f. Compute how many units must be sold 13-30&J (40,000 +20, oooyig 68,000 /120.os0 #tele- to achieve profits of $20,000 g. Compute the variable cost ratio h. Compute the contribution margin ratio Compute breakeven in sales dollars j. Compute the margin of safety in dollars % Y3.31 S2d oo/oo.coo

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