Question 23 Not yet answered Marked out of 100 Company XYZ is currently operating with a 60% contribution margin. The company is planning an upgrade in its production facilities, which is expected to increase sales by $15,000. However, this upgrade is expected to increase fixed costs of $2,500. What would be the expected change in profit? Increase by $15,000 b. Decrease by $6,000 Decrease by $2,500 d. Increase by $12,500 Increase by $6,500 Clear my choice Question 24 Not yet answered Marked out of 100 If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number) None of the given answers b. 67% C. 33% d. 13% e. 54% Clear my choice