If sales are $820,000, variable costs are 62% of sales, and operating income is $260,000, what is the contribution margin ratio? A. 53.1% b. 38% c. 62% d. 32% If fixed costs are $750,000 and variable costs are 70% of sales, what is the break-even point (dollars)? A. $1,071,429 b. $525,000 c. $2,500,000 d. $1,275,000 If fixed costs are $1,400,000, the unit selling price is $220, and the unit variable costs are $120, what is the amount of sales required to realize an operating income of $200,000? A. 14,000 units b. 12,000 units c. 16,000 units d. 13,333 units If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero profit? Questions 84 and 85 are based on the diagram below that shows the demand and supply curves for leather garments. The equilibrium price and quantity of leather garments? Price Quantity a. Increase Increase b. Increase Indeterminate c. Indeterminate Decrease d. Decrease Decrease 85) If the govern