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Mirabella Cosmetics manufactures and sells a face cream to small, family-run stores in the greater Montreal area. It presents the monthly operating income statement shown here to François Laval, a potential investor in the busine understand Mirabella's (Click the icon to view the operating income statement) Required Data table 1. Recast the statement of operating income in a contribution format 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 3. What is the margin of safety (in unita) for June? 4. If sales in June were only 7,500 units and Mirabella's tax rate is 30%, calculate Mirabella's net income. Mirabella Cosmetics Operating Income Statement For the Month of June 10,000 Units sold Revenue Requirement 1. Recast the statement of operating income in a contribution format 100,000 Mirabella Cosmetics Cost of goods sold S Operating Income Statement, June 10,000 Units sold 60,000 40.000 25.000 17.000 Requirement 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June Time Remaining: 01.05.02 Variable manufacturing co Fixed manufacturing costs Total Gross margin Operwing costs Variable marketing costs Foed marketing and administrative costs Total operating costs Operating com Print S Done 50,000 10,000 4,000 15,000 1 3
This question: 10 point possible Mirabella Cosmetics manufactures and sells a face cream to smail, family-run stores in the greater Montreal area. Il presents the monthly operating income statement shown here to François Laval, a potential understand Mirabella's cost structure. (Click the loon to view the operating income statement.) Required 1. Recast the statement of operating income in a contribution format. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 3. What is the margin of safety (in units) for June? 4. If sales in June were only 7,500 units and Mirabella's tax rate is 30%, calculate Mirabella's net income CID Requirement 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June Begin by selecting the formula to calculate the contribution margin percentage. Then, enter the amounts in the formula to calculate the percent. (Round your answer to the nearest whole percent) Contribution margin percentage 1x 100 ) x 100- Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Round the rate to two decimal places. Round your final answer up to the nearest whole number, Breakeven point in units units Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percent as a whole number. Round your answer up to the next whole dollar) Breakeven point in revenues Requirement 3. What is the margin of safety (in units) for June? Determine the formula to calculate the margin of safety in units. Then, enter the amounts in the formula and calculate the margin of safety for June Margin of safety units Requirement 4. If sales in June were only 7,500 units and Mirabella's tax rate is 30%, calculate Mirabella's net income. O Time Ramain
Requirement 4. If sales in June were only 7,500 units and Mirabella's tax rate is 30%, ciculele Mirabella's net income Complete the table below to calculate Mirabella's net income if sales were only 7.500 units and Mrsbete's textes 30% Run your he