For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $26,000 Food and packaging $11,120 Payroll Occupancy (rent, depreciation, etc.) 6,600 3,700 3,800 General, selling, and administrative expenses $25,220 Income from operations $780 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.) x million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. | X % 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 s High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $1,284,800 380,000 425,000 February 1,432,500 March 275,000 April 1,012,400 1,373,400 1,151,900 1,476,800 411,000 331,000 May June 447,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) per gross-ton mile 2.7 $ 273,111 x Total fixed cost Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $497,800, and the sales mix is 70% bats and 30% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost $60 Bats $80 Gloves 200 120 a. Compute the break-even sales (units) for both products combined. X units b. How many units of each product, baseball bats and baseball gloves, would be sold at break-even point? Baseball bats X units ] X units Baseball gloves L