Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margir Pixed expenses Net operating income $ 305,000 150,000 155,000 106,000 $ 49,000 Required Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (8,000 units) Variable expenses Contribution margin Pixed expenses Net operating income $320,000 192,000 128,000 118,400 $ 9,600 The variable expense ratio is closest to: Multiple Choice 040% 60% 067% 33%