r Number Font Alignment C51 1 There are two problems this week Click the tab at the bottom of the spreadsheet to move to problem sells harmonicas to distributors. The model they produce sells to the distributors for $8.00 each. 4 Following are cost estimates 6 Sales 7 Direct materials 8 Direct labor 9 Manufacturing overhead-variable $3.480,000 543,750 761,250 152,250 640,000 78,300 300,000 47,850 185,000 11 Selling expenses-variable 12 Selling expenses-fixed 13 Administrative expenses-variable 16 Instructions 18 A Prepare a CVP income statement based on these cost estimates. 19 B. Commute contribution margin ratio. o C. Compute the break-even point in (1) units and (2) dollars 21 D. Compute the margin of safety ratio. 22 E. Determine the sales dollars required to eam net income of $1,000,000. 23 4 Sales 25 Variable Manufacturing Cost 26 Variable Selling Cost 27 Variable Administratvie Cost 28 Contribution Margin 29 Fixed Manufacturing Cost 30 Fixed Seling Cost