QUESTION 1 The business currently reports the following on their contribution Format Income Statement for sales of 800 units: Sales: $64,000 Variable Expense: 514,000 Fixed Expenses: $12.000 The same business decides to pay a consultant a flat rate of $6,000 to promote the business and the result is that sales increase 10%. There are no other changes What is the new net income? $38.400 $50,400 $32,000 $37.000 QUESTION 2 Derav Corporation has provided the following data concernine its only product: Seline Price $150 per unit Current Sales level 13.900 units Break even sales 10,147 units What is the margin of safety percentage 73 1.079% 1.37 27