3) Cuomo Corporation produces and sells a single product. Data concerning that product appear below: Selling price Variable expenses Contribution margin Per Unit $ 120 24 S 96 Percent of Sales 100% 20% 80% Fixed expenses are $354,000 per month. The company is currently selling 5,000 units per month Required: The marketing manager would like to cut the selling price by $8 and increase the advertising budget by $23,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 600 units. What should be the overall effect on the company's monthly net operating income of this change? 4) If the contribution margin is NOT sufficient to cover fixed expenses: A) total profit equals total expenses. B) contribution margin is negative. C) a loss occurs. D) variable expenses equal contribution margin