EXERCISE 6-15 Operating Loverage L06-13.106-33 Magic Realm. Int has developed a new fantasy board game. The company sold 15,000 games lust year at a selling price of $20 per game. Fixed expensociated with the game total S182.000 per year, and variable expenses are 56 per pane. Production of the gate is entrusted to a peinting contractor Variable expenses conse moitly of payments to this contractor Required 1. Prepare a contribution format income statement for the game last year and compute the degree of operating leverage 2. Management is confident that the company cao 1,000 games test you an increase of 3,000 yames, of 20% overlast year) Given this sumption What is the expected percentage increase in net operating income for next year! 6. What is the expected amount of met operating income for next year? Do not perpare an income statement; use the deste of operating leverage to compete your answer) EXERCISE 6-16 Break Even Analysis and CVP Graphing L06-26.106-4,L06-56 The Hartford Symphony Guild in planning its annual dinner dance. The dinner-dance committee has assembled the following expected costs for the event Dinner per person $18 Favors and program for person 52 Bend $2,800 Rent of ballroom 5900 Professional entertainment during intermission $1000 Tides and advertising $1300 The committee members would like to charge 535 per person for the evening Required: 1 What is the break evet point for the dinodance in terms of the number of persons who must end 2. Assume that last year only 300 personitended the dinner dance If the same number and this year what price per ticket st be charged in order to becakeren