The following is the contribution margin income statement of Triumph Company for the Year 2021: Sales...

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The following is the contribution margin income statement of Triumph Company for the Year 2021: Sales Variable costs Contribution margin Fixed costs Income $1,300,000 800,000 500,000 300,000 $200,000 There is no beginning and ending inventories. Production and Sales are 10,000 units during the year. Required: (Show all calculations and round ALL answers to 2 decimal places.) a. Calculate the company's contribution margin ratio. b. Calculate the company's breakeven point (in units). c. Calculate the company's margin of safety (in dollars). d. If sales increase by 100 units, by how much should income increase? e. (4 marks) (4 marks) (4 marks) (4 marks) How many units would the company have to sell to produce a target income of $350,0002 (4 marks) The following is the contribution margin income statement of Triumph Company for the Year 2021: Sales Variable costs Contribution margin Fixed costs Income $1,300,000 800,000 500,000 300,000 $200,000 There is no beginning and ending inventories. Production and Sales are 10,000 units during the year. Required: (Show all calculations and round ALL answers to 2 decimal places.) a. Calculate the company's contribution margin ratio. b. Calculate the company's breakeven point (in units). c. Calculate the company's margin of safety (in dollars). d. If sales increase by 100 units, by how much should income increase? e. (4 marks) (4 marks) (4 marks) (4 marks) How many units would the company have to sell to produce a target income of $350,0002 (4 marks)

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