Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3.500 schools. Blossom's variable costs are 40% of sales; fixed costs are $118.000 per month (21) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 - 38%.) Contribution margin ratio 60 % e Textbook and Media Attempts: 1 of 12 used (b) Your answer is correct. Blossom currently sells 103,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase? (Round answer to 0 decimal places, e.g. 5,275.) $ Operating income 463,500 eTextbook and Media Attempts: 3 of 12 used (c) Your answer is correct Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $15,000 per month. If Blossom were to raise its sales price by 10% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to o decimal places, e.g. 5,275.) $ 2.700.940 i Breakeven sales (d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $15,000 per month. If Blossom were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 5%, what would be the new annual operating income? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) The new annual operating income eTextbook and Malia Save for Later Attempts:0 of 12 used Submit