Problem 11-29 Margin of safety and operating leverage LO 11-6 Munoz Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant information and budgeted annual income statements for each of the products follow. Relevant Information Bath Oil Skin Cream 122,000 Color Ge Budgeted sales in units (a) Expected sales price (b) Variable costs per unit (c) Income statements Sales revenue (a x b) variable costs (a x c) Contribution margin Fixed costs 202,000 82,000 14 $1,342,000 $1,616,000 1,148,000 (244,000) (606,000)(656 1,098,000 (720,000) 492,000 (150,000 $260,000 342,000 1,010,000 (750,000) Net income 378, 000 Required: a. Determine the margin of safety as a percentage for each product. b. Prepare revised income statements for each product. assumina a 20 percent increase in the budaeted sales volun currentssh2200.mp4.zip Installing SSH.html.zip | Using-SSH-FTP.pdf sx 6,091 9