the remaining $26\%$ relates to variable operating expenses. The company sells each carton of calendars for $$16\mathrm{.}50.$

Read the requirements.

Requirement $1.$ Compute the number of cartons of calendars that College Try Calendars must sell each month to breakeven.

Begin by determining the basic income statement equation.

$$

$=$ Operating income

Using the basic income statement equation you determined above solve for the number of cartons to break even.

The breakeven sales is $$ cartons.

Requirement $2.$ Compute the dollar amount of monthly sales College Try Calendars needs in order to earn $$308,000$ in operat

Begin by determining the formula.

L $$

$$ Target operating income $1$ Contribution margin ratio

$=$ Target sales in dollars

$($Round the contribution margin ratio to two decimal places.$)$

The monthly sales needed to earn $$308\mathrm{.}000$ in operating income is $$

Requirement $3.$ Prepare the company's contribution margin income statement for June for sales of $490,000$ cartons of calenda;

College Try

Contribution Margin Income Statement

Month Ended June $30$

$$