Tonature makes violins and sells them for $286 each. The variable costs per violin are $111 and fixed costs are $31,500 per year.

a. What are the contribution margin and contribution ratios?

b. How many violins must be sold per year for a net income of $63,000 per year?

c. What will be the net income in a year in which 450 violins were sold?

AppendixLO1