Assume the following (1) variable expenses = $315,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 30%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?

Multiple Choice

• The total contribution margin = $220,500

• The total fixed expenses = $94,500

• The total sales = $450,000

• The variable expense ratio is 233%