Quronov O before tranchisinge Happy Noodles restaurant concept Click then to view the emotion) Click here to Read the Requirement What was the average repeting income before these change? entify the format els and complete pering income before the changes Times Contribution mary Les Operating income y reform and compete operating the Time Cobution margin Lese Origine hind and the corner More Info 1 More Info Lo did franchise her restaurant concept. Because of Happy Noodles' success Noodles - n - More has come on the scene as a competitor. To maintain its market share, Happy Noodles will have to lower its sales price to $4.00 per bowl. At the same time, Happy Noodles hopes to increase each restaurant's volume to 6,000 bowls per month by embarking on a marketing campaign. Each franchise will have to contribute 5500 per month to cover the advertising costs. Prior to these changes, most locations were selling 5,500 bowis per month Lo believed people would pay $4.50 for a large bowl of noodies. Variable costs would be $1.35 a bowl creating a contribution margin of $3.15 per bowl. Sue Lo estimated monthly fixed costs for tranchisees at $8,750. Franchisees wanted a minimum monthly operating income of $7,350 Print Done Print Dora Done * 100 TU pis poss Question Help Before franchising her Happy Noodles restaurant concept, owner Sue Lo had made the following assumptions. (Click the icon to view the assumptions.) (Click the icon to view more information) Read the requirements Requirement 1. What was the average restaurants operating income before these changes? Identity the formula labels and compute the operating income before the changes Times: Contribution margin Less: Operating income Requirement 2. Ansuming that the price cut and advertising campaign are successful at increasing volume to the projected level, will the tranchisees still eam their target profit of $7,350 per month? Show your calculations Identify the formulin labels and compute the operating income after the changes Times: Contribution margin Less: Choose from any list or onto my number