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View Policies Current Attempt in Progress Blossom sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Per Unit Sales revenue $770,000 $55 Variable expenses 269,500 19.25 Contribution margin 500,500 $35.75 Fixed expenses 325,000 Operating income $ 175,500 (a) What is Blossom's contribution margin ratio? Its variable cost ratio? (Round ratios to 2 percentage places, e.g. 0.38 = 38%.) Contribution margin ratio % Variable cost ratio e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b1) (b2) What is Blossom's margin of safety? Margin of safety $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer ACC-650 TOPIC 2 Assignment Question 11 of 13 - /4 If Blossom's sales were to increase by $100,000 with no change in fixed expenses, by how much would operating income increase? (Use the rounded contribution margin ratio calculated in the previous part to compute breakeven sales.) Net Operating income will increase by $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (d) Blossom's managers have determined that variable costs per unit will increase by 20% beginning next month. To offset this increase in costs, they are considering a 12% increase in the sales price. Market research indicates that the price increase will result in a 3% decrease in the number of learning systems Blossom sells. What will be Blossom's expected operating income if the price increase is implemented? (Round per unit calculations to 2 decimal places e.g. 52.75 and final answer to O decimal places, e.g. 5,275. $ Operating income e Textbook and Media Save for Later Attempts: 0 of 3 used Submit