Assume MIX Inc. has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $514,000; Contribution Margin Ratio 30% Product B: Sales $828,000; Contribution Margin Ratio 60% Required: Assume MIXs fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume. (Round "Average contribution margin ratio" answer to 2 decimal places. Round up "Breakeven sales volume" answer to nearest whole dollar.) Total contribution margin Operating income Average contribution margin ratio % Breakeven sales volume Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $7.80 per unit. Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 35%. b. Calculate the number of units of the new product that would have to be sold if the new product is to increase the firm's monthly operating income by $6,000. (Do not round intermediate calculations.) a. Selling price per unit b. Number of units Consider the following summary modified income statement for Tech Inc.: Sales $559,000 Variable Operating Costs 202,000 Contribution Margin $357,000 Fixed Operating Costs 111,000 Operating Income $246,000 Interest Expense 39,000 Net Income $207,000 Calculate Tech's degree of operating leverage. A B D E 1 Degree of Operating Leverage = 2 3 4 5 6 7 8 9 10