Contribution Margin Ratio a. Imelda Company budgets sales of $790,000, fixed costs of $37,300, and variable costs of $165,900. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 32%, sales were $609,000, and fixed costs were $136,420, what was the income from operations? $ Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $27,400 Food and packaging $10,680 Payroll 6,900 Occupancy (rent, depreciation, etc.) 5,000 General, selling, and administrative expenses 4,000 $26,580 Income from operations $820 Assume that the variable costs consist of food and packaging; payroll; and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ million b. What is Wicker Company's contribution margin ratio? Round your answer to one decimal place. % c. How much would income from operations increase if same-store sales increased by $1,600 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million Break-Even Sales Currently, the unit selling price of a product is $330, the unit variable cost is $270, and the total fixed costs are $1,080,000. A proposal is being evaluated to increase the unit selling price to $370. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased to the proposed $370, and all costs remain constant. units