1. Bryce Co. sales are $892,000, variable costs are $461,600, and operating income is $219,000. What is the contribution margin ratio?

   a.44.0%

   b.48.3%

   c.51.7%

   d.56.9%

2. If fixed costs are $714,000 and variable costs are 62% of sales, what is the break-even point in sales dollars?

   a.$1,156,680

   b.$1,878,947

   c.$2,592,947

   d.$442,680

3. If fixed costs are $316,000, the unit selling price is $70, and the unit variable costs are $49, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $7?

   a.15,048 units and 4,514 units

   b.15,048 units and 11,286 units

   c.6,449 units and 10,786 units

   d.4,514 units and 15,048 units