Q1. Callicott Corporation produces a product that sells for $190 per unit. The product's current sales are 24,500 units and its break-even sales are 18,564 units. What is the margin of safety in dollars?
1. $1,127,840
2. $2,336,880
3. $4,655,000
4. $3,527,160
Q2. Marano Corporation produces and sells a single product. In October, the company sold 1,000 units. Its total sales were $156,000, its total variable expenses were $79,000, and its total fixed expenses were $55,900
Required: A.Construct the company's contribution format income statement for October. (Do not round intermediate calculations. Net Operating Income=??
Required: B.Redo the company's contribution format income statement assuming that the company sells 900 units. (Do not round intermediate calculations.)Net Operating Income