Question 18 6 pts Southwestern College is planning to hold a fund raising banquet at the local country club. They are budgeting the following items for the banquet: Fixed rental cost of $1,000 $12 per person for food Southwestern College is also budgeting $2,600 for administrative and marketing expenses. Tickets are expected to be $30 per person. What is the operating leverage if 600 people attend? 1.25 O 1.0 O 1.36 1.5 D Question 12 6 pts If direct labor employees' wage rates increase by 4%, what will happen to the contribution margin and the breakeven point? Contribution margin will decrease; breakeven point will increase. Contribution margin will remain unchanged; breakeven point will increase. Contribution margin will increase; breakeven point will decrease. Contribution margin will decrease; breakeven point will decrease. Question 13 6 pts At the breakeven point, the contribution margin equals total: Fixed costs O Variable costs Selling and administrative costs Sales revenues