Question 2 of 6 1.5/3 E View Policies Show Attempt History Current Attempt in Progress Wildhorse Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $60 throughout the country to loyal alumni of over 2,000 schools. Wildhorse's variable costs are 40% of sales; fixed costs are $118,000 per month (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e s. 0.38 - 38%.) 60 % Contribution margin ratio eTextbook and Media Assistance Used Attempts: 1 of 4 used Question Part Score 0.5/0.5 o ichi 1.5/3 E Your answer is correct. What is Wildhorse's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) $ Breakeven sales 2360000 eTextbook and Media Assistance Used Attempts: 4 of 4 used Question Part Score 0.5/0.5 (b) Your answer is correct. Wildhorse currently sells 100,000 blankets per year. If sales volume were to increase by 17%, by how much would operating income increase? (Round answer to O decimal places, e 3.5,275.) O Ei (c) X Your answer is incorrect. Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $15,000 per month. If Wildhorse were to raise its sales price by 10% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, eg. 52.75 and final answer to O decimal places, c-3.5,275.) $ Breakeven sales 5960000 e Textbook and Media Assistance Used Save for Later Attempts: 2 of 4 used Submit Answer Question Part Score 0/0.5 (d) The parts of this question must be completed in order. This part will be available when you complete the part above. O i E