Projected financial results for the university's cafeteria for meals sold for next year include the following information: Sales of $1,662,800, Fixed Cost of $260,200, Total Variable Cost of $161,800.

Answer each of the following independent questions.

a.) (i) How much is the contribution margin? (Correct to 4 decimals)
Answer

(ii) How much is the contribution rate? (Correct to 2 decimals)
Answer

b.) What value of meals does the cafeteria need to sell to break-even?
Answer

c.) If the cafeteria was to spend $21,700 to upgrade its processes, how much does the cafeteria need to sell to break-even?
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d.) If 6%, more meals were sold, what would be the resulting net income?
Answer

please answer all part