Sheridan currently sells 124,000 blankets per year. If sales volume were to increase by 15%, by how much would operating Income Increase? (Round answer to decimal places, s. 5,275) $ 539400 Operating income e Textbook and Media Attempts: 7 of 12 used (c) Your answer is incorrect. Assume that variable costs increase to 20% of the current sales price and fixed costs increase by $12,000 per month. If Sheridan were to raise its sales price by 20% 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 decimal places, eg. 5,275.) current Attemptin Progress Sheridan Monagrams 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 3,800 schools. Sheridan's variable costs are 42% of sales, fixed costs are $116,000 per month (a1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places eg. 0.38 - 38%) 58 % Contribution margin ratio eTextbook and Media Attempts: 2 of 12 used (a2) Your answer is correct What is Sheridan's annual breakeven point in sales dollars? (Use the rounded contribution margin ratio calcuated in the previous part to compute breakeven sales) Breakeven sales 2400000