Sportsbags Inc. makes and sells hockey bags for students. Financial projections for this line of products are revenue of $853,000, total variable costs of $228,150, and fixed costs of $561,000 Answer each of the following independent questions (a) How much is the contribution margin and the contribution rate? (b) How much of this product line does the business need to sell to break even? (c) If the business was to save $8000 in variable costs by offering fewer colours of hockey bags, how much of this product line does the business need to sell to break even? (d) If a specialized logo was printed on the hockey bags, the variable costs would increase by 5%, and the fixed costs would increase by $11,000 if the price of the hockey bags was then increased by 7%, what would be the resulting net income? (a) The contribution margin is s 624850 (Type an integer or a decimal) The contribution rate is 73253224% (Round to sx decimal places as needed ) (b) The business needs to sell Sof this product line to break even Round up to the nearest cent as needed) (c) If the business was to save $8000 in variable costs by offering fewer colours of hockey bags, it would need to sell S of this product line to break even Round up to the nearest cent as needed ) (d) The resulting net income would be s Type an integer or a decimal)