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The following are the results of Larry Inc., a company that sells bobblehead dolls: ...

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Accounting

The following are the results of Larry Inc., a company that sells bobblehead dolls:
Expected
Sales
Units 5,000
Sales $350,000
Total variable costs $245,000
Contribution margin $105,000
Total fixed costs $30,000
Operating income $75,000
Using the above information answer the following questions.
What is the contribution margin ratio?
HINT: remember the entry rules for percentages.
What is the break-even in sales dollars?
What is the margin of safety in sales dollars?
What is the degree of operating leverage?
Entry rules: enter your answer rounded to 2 decimal places.
If sales increase by 15%, by what percentage will the operating income increase?
HINT: remember the entry rules for percentages.

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