Please help me with correct answer thanku 5Sun Corporation has provided the following contribution format income statement. All questions concern situations that are within therelevant range.20149McSales (5,000 units)Variable expensesContribution marginFixed expensesNet operating incomeRequired:a. What is the margin of safety in dollars?b. What is the degree of operating leverage?$475,000382,50092,50073,900$ 18,700Complete this question by entering your answers in the tabs below.Required aRequired bWhat is the margin of safety in dollars?Note: Do not round intermediate calculations.Margin of safety in dollars$ 474.203 Sun Corporation has provided the following contribution format income statement. All questions concern situations that are within therelevant range.Sales (5,000 unita)Variable expensesContribution margin.Fixed expensesNet operating incomeRequired:a. What is the margin of safety in dollars?b. What is the degree of operating leverage?$475,000382,50092,50073,800$18,700Complete this question by entering your answers in the tabs below.Required aRequired bWhat is the degree of operating leverage?Note: Do not round intermediate calculations. Round your final answer to 1 decimal place.Degree of operating leverage4.9< Prev 5 of 32Next >

Margin of safety under the cost volume profit analysis is the difference between the total sales…

Sun Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range. Sales (5,000 unita) Variable expenses Contribution margin Fixed expenses Net operating income $ 475,000 382,500 92,500 73,800 $ 18,700 Required: a. What is the margin of safety in dollars? b. What is the degree of operating leverage? Complete this question by entering your answers in the tabs below. Required a Required b What is the degree of operating leverage? Note: Do not round intermediate calculations. Round your final answer to 1 decimal place. Degree of operating leverage

Sun Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range. Sales (5,000 unita) Variable expenses Contribution margin Fixed expenses Net operating income $ 475,000 382,500 92,500 73,800 $ 18,700 Required: a. What is the margin of safety in dollars? b. What is the degree of operating leverage? Complete this question by entering your answers in the tabs below. Required a Required b What is the degree of operating leverage? Note: Do not round intermediate calculations. Round your final answer to 1 decimal place. Degree of operating leverage

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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