5.) Sofia's cupcake business had a budget of $278,900 in sales and $161,307 in total variable costs. What is the most her fixed costs could be for the business to break even? 6.) Sportsbags Inc. makes and sells backpacks for students. Financial projections for this line of products are revenue of $1,793,000, total variable costs of $812, 100, and fixed costs of $435,200. Answer each of the following independent questions. a.) Present the contribution margin as a dollar value and as a decimal, and the contribution rate. (A percentage - 2 (cm, do not round) (CM, a dollar value) decimals) b.) What dollar value of this product line, would the business need to be selling to break even? (Use the non-rounded value of the per dollar factor.) c.) If the business was to save $47,100 in variable costs by offering fewer colours of backbacks, what dollar value of this product line does the business need to sell to break even? d.) If a specialized logo was printed on the backpacks, the variable costs would increase by 7%, and the fixed costs would increase by $12,700. If the price of the backpacks was then increased by 12%, what would be the resulting net income? Total dollar value for this page = $5,434,823.55