Pharoah Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $41 throughout the country to loyal alumni of over 1,800 schools. Pharoahs variable costs are 42% of sales; fixed costs are $116,000 per month

Calculate contribution margin ratio; (Round ratio to 2 percentage places, e.g. 0.38 = 38%.)

What is Pharoahs annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Pharoah currently sells 100,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase? (Round answer to 0 decimal places, e.g. 5,275.) Assume that variable costs increase to 46% of the current sales price and fixed costs increase by $12,700 per month. If Pharoah were to raise its sales price by 12% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)