Question 3 of 4 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution margin ratio 60 % e Textbook and Media Attempts: 2 of 12 used Question 3 of 4 1.04/6.25 III (a2) Your Answer Correct Answer (Used) What is Blossom's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) $ Breakeven sales 2,360,000 (b) Blossom currently sells 103,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase? (Round answer to O decimal places, e.g. 5,275.) $ Operating income e Textbook and Media Save for Later Attempts: 0 of 12 used Submit