Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $40 throughout the country to loyal alumni of over 1,000 schools. Blossom's variable costs are 40% of sales; fixed costs are $120,000 per month. (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38=38%.) Contribution margin ratio % Your answer is correct. What is Blossom's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Breakeven sales $ eTextbook and Media Attempts: unlimited b) Your answer is correct. Blossom currently sells 100,000 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 $ Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $10,000 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 0 decimal places, e.g. 5,275.) Breakeven sales eTextbook and Media Attempts: unlimited (d) Your answer is incorrect. Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $10,000 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 0 decimal places, e.g. 5,275.) The new annual operating income