Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed costs of $660,000 and a contribution margin of 75% of revenues. Requirements 1. Compute Gary's monthly breakeven sales in dollars. Use the contribution margin ratio approach. 2. Use contribution margin income statements to compute Gary's monthly operating income or operating loss if revenues are $530,000 and if they are $1,040,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain.

Zachary Company makes a product that sells for $32 per unit. The company pays $23 per unit for the variable costs of the product and incurs annual fixed costs of $76,500. Zachary expects to sell 22,100 units of product.   Required Determine Zachary’s margin of safety expressed as a percentage

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places.

Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were $127,680, and fixed expenses were $37,200. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 500 units and total sales by $2,000? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income %

both answer please provide.

Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total variable expenses were $116,440, and fixed expenses were $38,600. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 600 units and total sales by $2,400? (Do not round intermediate calculations.)

I need help with parts 1 and 2

Gadubhai

Steven pulled together the following annual revenue and cost information for his small business: total variable costs $7,600, total COGS $6,000, total revenues $23,400, total fixed costs $4,700, and total SG&A $6,300. Determine the contribution margin, gross margin, and operating income for Steven for the year. Contribution margin Gross margin Operating income tA $ tA $ tA $