Maries Magic Shoppe provides the following information about its single product What is the contribution margin ratio? =($25$6)/$6 ($25$12)/$6 =($25$6)/$25 =($25$12)/$25 revenues rigual vatabile costs contribution itheitin equals variable cost revenues equat the sum of variable and fined costs frvelves equal fiknd coste Question 3 If the fixed costs for a product increase, what will be the effect on the contribution margin ratio and the break-even point, respectively? Contribution margin ratio will increase: breakeven point will increase. Eontribution margin ratio will stay the same; breakeven point will increase. Contribution margin ratio will increase; breakeven point will decrease. Contribution margin ratio will decrease; breakeven point will decrease. The Suit Emporium carries brand name business attire, Each suit selis for the set price of 599.99 . The variable cost per sunt is $61.24 and the contribution margin is $38.75. The foxed expenses at Suht Emporlum are 516,600 . A thew business apparel outhet has opened fifteen miles from the emporium's location and sales have decreased because local completion offers corvumers similar prodicts at fower price per unit. As a result of this decrease, the management at 5 uit Emporiumis considering reducing the sales price per unit to attract the consumer base back to the emporicm. The forecasted price per unit is $79.79. What is the new breakeven point in units using the forectated sales price? 730 units 560 wamies 886 units 1.022 units