2 Required information 2 Suppose that sales are 15% higher as shown below: Part 2 of 2 A Chapter 1: Applying Excel 25 1 points 2 Data 3 Sales 4 S 85,100 Variable costs 5 Cost of goods sold 60,950 Variable selling 7 6,095 Variable administrative Fixed costs 8 5.865 9 Fixed selling 10 $ 2.500 Fixed administrative 11 1,500 Required information (a) What is the gross margin now? Answer is complete but not entirely correct. $ 51,480 Gross margin (b) What is the net operating income now? Answer is complete but not entirely correct. Net operating income S 37,418 (c) What is the contribution margin now? Answer is complete but not entirely correct. Contribution margin $ 41,418 (d) When sales increase by 15% , which of the following should also Lerease by 15 % in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with e question mark will be automatically graded as incorrect.) Veriable cost Fixed cost co Next