Question 1 10 pts Which of the statements below is correct? September October Sales in units 11,000 10,000 Operating Expenses: Expense 1 $56,500 $51,500 Expense 2 $25,000 $25,000 Expense 3 $13,200 $12,000 Expense 4 $22,000 $20,000 Expense 5 $10,500 $10,000 Total Operating Expenses $127,200 $118,500 Expenses 3 & 4 are variable costs. Expenses 1 & 5 are variable costs. Expenses 1 & 3 are variable costs. Expenses 3 & 5 are variable costs. Next Question 2 10 pts Using the following information, what is the contribution margin ratio? per Total unit Sales $5,950,000 850.00 VC $3,272,500 467.50 CM $2,677,500 382.50 FC $910,000 $1,767,500 NI 55% 45% 35% 66% 28% Using this information, what is Your Company's expected net income? Expected sales in units Sales price per unit Margin of safety in units Contribution margin ratio 20,000 $105 12,150 65% $365,000.00 $829,237.50 $535,762.50 $902,375.50 $458,750.50