Assume the following (1) contribution margin = $150,000 (2) total fixed expenses = $135,000, and (3) sales Increase by 10%. Given these three assumptions, net operating Income will increase by: Multiple Choice O 1% O 100% O 10% O 15%Assume a merchandising company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provided the following Income statements: May June July Sales in units 4, 800 5 ,000 5, 500 Sales $168, 090 $175, 060 $192, 500 Cost of goods sold 86, 400 90, 000 99, 900 Gross margin 81, 600 85,900 93, 500 Selling and administrative expenses: Advertising 17, 060 17, 000 17, 900 Shipping 16, 806 17 ,500 19 , 250 Salaries and commissions 29, 600 30,000 31, 000 Total selling and administrative expenses 63, 400 64, 500 67, 250 Net operating income $ 18, 200 $ 20,500 $ 26, 250 What is the estimated net operating income if the company sells 5,220 units? Multiple Choice O $25.670 O $20.450 O $23.030 O $20.840Which of the following statements is true? Multiple Choice O In variable costing. variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of cost of goods sold on the income statement. O In variable costing. variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of selling and administrative expenses on the income statement. O In variable costing. variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as sales revenue on the income statement. O In variable costing. variable manufacturing overhead costs are recorded as period expenses on the income statement as incurred