Question 4 0.5/1 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $46 throughout the country to loyal alumni of over 3,000 schools. Sunland's variable costs are 43% of sales, fixed costs are $114,000 per month. (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 - 38%.) Contribution margin ratio 0 5 57 Contribution margin ratio 7% e Textbook and Media Attempts: 1 of 12 used (a2) Your answer is correct. What is Sunland's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales.) Breakeven sales $1 2400000 e Textbook and Media Attempts: 1 of 12 used Your answer is correct. Sunland currently sells 106.000 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.g. 5,275.) Operating income $ 472484.40 e Textbook and Media Attempts: 2 of 12 used X Your answer is incorrect. Assume that variable costs increase to 46% of the current sales price and fixed costs increase by $14,100 per month. If Sunland were to raise its sales price by 11% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to O decimal places, eg. 5,275.) Breakeven sales s 2642062 Attempts: 2 of 12 used Your answer is correct. Assume that variable costs increase to 46% of the current sales price and fixed costs increase by $14,100 per month. If Sunland were to raise its sales price by 11% 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, eg. 5,275.) Breakeven sales $ 2625000 i e Textbook and Media Attempts: 5 of 12 used (d) Assume that variable costs increase to 46% of the current sales price and fixed costs increase by $14.100 per month. If Sunland were to raise its sales price 11% to cover these new costs, but the number of blankets sold were to drop by 6%, what would be the new annual operating income? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.) The new annual operating income e Textbook and Media Save for Later Attempts: 0 of 12 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above
