Oullumber Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $40 throughout the country to loyal alumni of over 1,600 schools. Cullumber's variable costs are 40% of sales; fixed costs are $120,000 per month Calculate contribution margin ratio. (Round ratio to 2 percentage places, 0.38 = 389) Contribution margin ratio What is Cullumber's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Breakeven sales Cullumber currently sells 116,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase?(Round answer to decimal places 5.275) Operating income Assume that varishe costs increase to 45% of the current sales price and fixed costs increase by $12.000 per month fullumber were to raise its espice by 12 to cover these news what would be the new and break even point in sales dans Round sales price to decimal place 52.75 and Final answer to deal places 5,275 Breakeven sales Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $12,000 per month. If Cullumber were to raise its sales price 12% to cover these new costs, but the number of blankets sold were to drop by 7 what would be the new annual operating income? (Rond sales price to 2 decimal place 52.75 and final answer to o decimal places, e.5,275.) The new annual operating income $ If variable costs and fixed costs were to change as in part (d), would Cullumber be better off raising its selling price and losing volume or keeping the selling price at $40 and selling 116,000 blankets? off to raise the sales price to $44.00 and sell fewer blankets Cullumber is I worse Ibetter i n Show