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56 IWW Corporation prepared the following contribution format income statement based on a sales volume of 2,790 units units. Sales $289,044 Variable expenses 127.224 Contribution margin 161,820 Fixed expenses 31,689 Net income $130,131 Each of the following questions is independent. Refer back to the original data unless the question mentions otherwise Round your answers in a way that makes sense for the question or as requested. 1. Calculate the contribution margin ratio. (round to the nearest whole percent and if you use CMR in future calculations, use the % value as rounded here/input code: 0) 2. Calculate the contribution margin per unit (round to the nearest hundredths place and if you use UCM in future $ 58 calculations, use the value as rounded here/input code 0.00) 3. If sales increase by one unit, how much would be the increase in Net Income? (enter your answer to the nearest hundredth of a $ dollar/input code 0.00) 4. If sales decline to 2,550 units, how much would be the new Net Income? (round to the nearest whole dollar/input code: 0) 5. If the selling price increases by $9.30 per unit and the sales volume decreases by 275 units, how much would be the revised Net Income?(round to the nearest whole dollar/input code:O) 6. How many dollars of sales are required to earn a target net income of $82,500? (round UP to the nearest whole dollar/input code: 0) 7. Calculate the degree of operating leverage. (round to the nearest hundredths place and if you use operating leverage in future calculations, use the value as rounded here/input code: 0.00) 8. Estimate the percentage increase in Net Income if sales increase by 16%, (round to the nearest hundredths place/input % code: 0.00) 58 $147900 $ 137571 $ 203909 1.24 19.84