Student name: DHRUV MEHTA FSSAY. Write your answer in the space provided. 1) Woodley Company reports the following contribution margin income statement The marketing manager believes that increasing advertising coss by $162,000 will increase the company's sales volume to 22,000 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs. 10 pts 2) Margin Company has total fixed costs of $360,000 and variable costs of $14 per unit. If the unit sales price is reduced from $24 to $20 and advertising is increased by $10.000, sales will increase from 40,000 to 65,000 units. Should Margin reduce its per unit sales price and pay for the additional advertising? (Support your answer with calculations:) 20pts