Assume the following (1) variable expenses = $299,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 35%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?

Multiple Choice

1) The total contribution margin = $194,350

2) The total sales = $460,000

3) The total fixed expenses = $104,650

4) The variable expense ratio is 186%