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Open with A B C D E F G H K M N O P Q R 20 MARKS Question 4: Roma Skincare manufactures and sells a face cream to small specialty stores in Victoria, Australia. It presents the monthly operating income statement shown here to Jacob Scott, a potential investor in the business. Help Mr. Scott understand Roma Skincare's cost structure. Home Insert Page Layout Formula's Data Review View Required: A B C D 1. Recast the income statement to emphasize contribution margin. Roma Skincare Operating Income Statement June, 2017 Units sold 15,000 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017. Revenues $1,20,000 3. What is the margin of safety (in units) for June 2017? 5 Cost of goods sold 6 Variable manufacturing costs $60,000 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%, calculate its net income. Fixed manufacturing costs $22,000 Total cost of goods sold $ 82,000 Gross margin $ 38,000 Operating costs Variable marketing costs $ 6,000 12 Fixed marketing & admin costs $14,000 13 Total operating costs $ 20.000 14 Operating income $ 18,000