Question 24 8.33 pts Sebree Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7.000 units) $ 100,000 Variable expenses 40,000 Contribution margin 60,000 Fixed expenses 45,000 Net operating income $ 15.000 Using the degree of operating leverage, the estimated percent increase in net operating income as the result of a 6% increase in sales is closest to: (Round your intermediate calculations to 1 decimal place.) 24.0% 20.0% O 0.20% O 0.24% Question 25 8.33 pts Which of the following is correct? The break-even point occurs on the cost volume profit graph where: O total contribution margin equals total fixed expenses O total variable expenses equal total contribution margin. O total profit equals total fixed expenses. total profit equals total expenses