Biscotti Corporation sells three products: cupcakes, biscuits, and pie. Information on these products are as follows: Revenues Contribution margin ratio Cupcakes $100,000 16% Biscuits $80,000 40% Pie $60,000 20% If total fixed costs are $30,000, calculate the company's overall breakeven point in sales revenue. Select one: O a. $80,000 O b. $140,000 O c. $120,000 O d. $100,000 Your boss wants you to calculate operating income, given that variable costs are 40% of sales, the break-even point is $400,000 and the margin of safety percentage is 20%. Select one: O a $30,000 O b. $70,000 O c. $10,000 O d. 0 O e. $50,000 The owners of Portobello Company is confused with calculations. They want you to help them calculate how much sales revenue they should have given the following information: Operating profit Break-even point in sales Contribution margin ratio Tax rate $84,000 $360,000 20% 40% Select one: O a $1,060,000 O b. $1,000,000 O c. $1,600,000 O d. $1,040,000 O e. $1,050,000 A new employee is confused about sensitivity analysis and asked you to explain what would happen to contribution margin per unit and contribution margin ratio if the selling price and variable cost both decrease by 5% and all other variables remain the same. Select one: O a. Contribution margin per unit will not change and contribution margin ratio will decrease. O b. Contribution margin per unit will decrease and contribution margin ratio will not change. Contribution margin per unit will decrease and contribution margin ratio will decrease. O d. Contribution margin per unit will increase and contribution margin ratio will increase. O C. O e. Contribution margin per unit will not change and contribution margin ratio will not change. Biscotti Corporation sells three products: cupcakes, biscuits, and pie. Information on these products are as follows: Revenues Contribution margin ratio Cupcakes $100,000 16% Biscuits $80,000 40% Pie $60,000 20% If total fixed costs are $30,000, calculate the company's overall breakeven point in sales revenue. Select one: O a. $80,000 O b. $140,000 O c. $120,000 O d. $100,000 Your boss wants you to calculate operating income, given that variable costs are 40% of sales, the break-even point is $400,000 and the margin of safety percentage is 20%. Select one: O a $30,000 O b. $70,000 O c. $10,000 O d. 0 O e. $50,000 The owners of Portobello Company is confused with calculations. They want you to help them calculate how much sales revenue they should have given the following information: Operating profit Break-even point in sales Contribution margin ratio Tax rate $84,000 $360,000 20% 40% Select one: O a $1,060,000 O b. $1,000,000 O c. $1,600,000 O d. $1,040,000 O e. $1,050,000 A new employee is confused about sensitivity analysis and asked you to explain what would happen to contribution margin per unit and contribution margin ratio if the selling price and variable cost both decrease by 5% and all other variables remain the same. Select one: O a. Contribution margin per unit will not change and contribution margin ratio will decrease. O b. Contribution margin per unit will decrease and contribution margin ratio will not change. Contribution margin per unit will decrease and contribution margin ratio will decrease. O d. Contribution margin per unit will increase and contribution margin ratio will increase. O C. O e. Contribution margin per unit will not change and contribution margin ratio will not change