The contribution margin income statement or Cosmic Collee for July follows. Cick the icon to viow the contifibuln margin income statinenent) Read the requirements: field) Requirement 2 . Compute the coffee shop's margh of safety in dollars. Identify the formula to compute the margin of safety in doltars. The margin of safety in dollars is Requirement 3 . Use the coffee shop's operating leverage factor (ushy the July contrbution margin income statement) to determine its new operating income if sales volume increases 11%. Prove your results using the contribution margin income statement format. Astume that sales mix remains unchanged. Identify the formula to compute the operasing leverage factor: The contribution margin income statement of Cosmic Coffee foc July follows: Click the icon to view the contribution ruargin income statement) Cosmic Coftee sells three smat colfees for every large coffee, A small coffee sells for $2.00, weth a variable expense of $1.00. A large coffee sells for $4.00, with a variable expense of $2.00. Read the reovirements: Requirement 3. Use the cotlee shop's operating leverage factor (using the July contributon margin income statement) to deternine its now cperating income if sales volume increases 11%. Prove your results using the contribution margin income statement format. Assume that sales mix remains unchanged. If Cosmic Collee can increase sales revenue by 11%, keeping the sales mix the same, operating income wa be The contribution margin income statement of Cosmic Colee for July follows: C.ick the icon to view the contribution margin income statemant.) Fead the requirements Identy the lormula to compule the operating leverage factoc. (Round your answer to two decimal places.) Cosmic Coffee's operating leverage factor is It Cosmic Coffee can increase sales revenue by 11%, kepping the sales mux the same, operating income wit be Prepare a summary contribution margin income statement to prove your answer above. (For amounts wath a so balance, moke sure to enter " 0 " in the appropriate input feld) The contribution margin income statement of Cosmic Coffee for July foliows: Click the ioon to view the contribution margin income statement.) Cosmic Colfee selis three small coffees for every large coffee. A small coffee sells for $2.00, with a variable expense of $1.00. A large colfee sells for $4.00, with a variable expense of $ Read the requirements Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small collees and large coffees. Prowe your answer by preparing a summary contribution marg statement at the breakeven level of sales. Show only two categories of expenses: variable and fixed. Begin by identifying the formula to compute the total breakeven point in units. (Abbreviations used: avg = Average; CM = Controution marpin.) 1 Now calculate the woighted-average contribution margin per unit (Round the weighted-average contribution margin per unit to the nearest cent.) The breakeven point is smal cups and large cups of coffee. Prepare a summary contribution margin income statement to preve your answer above. (Complate all input fields. For amounts with a $0 balance, make sure to enter "0" in the approp" (beld.) Data table Requirements 1. Desemice the ceflee shoprs monthy breakeven point in the numbers of smal colleet and large collets. Prove your anseer by preparing a sumthary. contribution margin income stalement at the breakeven level of sales Show only two cabegories of expentet: variable and fived 2. Compute the cotlee shop's margin of safefy in dollan. 3. Use the collee shop's operaing leverage factor (using the July contrbution margin income stabment) to detemine ts new sperating income if sales verumb increases 11%. Prove your resuts virg the contribuson margin. insome stabement format. Assume that sales mix reitains unctanged. ps of collee