Question D: What would be the operating income or loss for the recent year sales if sales had been 7,400 more?

For a recent year, McDooley's, a family-owned group of restaurants, had the following sales and expenses: Sales for all restaurants $370,000 Food and paper $98,260 Payroll and employee benefits 88,500 Occupancy and other expenses 80,340 Selling, general, and administrative expenses 51,100 Other operating expenses 22,200 Net operating expenses (340,400) Operating income (loss) $29,600 Assume that the variable costs consist of food and paper, payroll and employee benefits, and 40% of the selling, general, and administrative expenses. a. What is McDooley's contribution margin? 162,800 b. What is McDooley's contribution margin ratio? Round your percentage answer to one decimal place. 44 % c. How much would operating income increase if the stores sales increased by $7,400 for the coming year, with no change in the contribution margin ratio or fixed costs? 3,256 d. What would have been the operating income or loss for the recent year if sales had been $7,400 more? 22,200 X