1. ABC Company recorded net operating income of $51,000 on sales of $280,000. If the company's variable costs were 60% of sales, fixed costs must have been: * (1 Point) $112,000 $117,000 $137,400 $61,000 2. A company can achieve an increase in contribution margin (given no other changes) if (1 Point) variable costs increase fixed costs decrease selling price increases fixed costs increase