The ABC Company has developed the following income statement using a contribution margin format based on 10,000 units. (answer to the nearest dollar) Revenues $210,000 Variable Costs: Variable manufacturing costs 60,000 Variable selling costs 20,000 Contribution Margin $130,000 Fixed Costs: Fixed manufacturing costs $ 80,000 Fixed selling, general and ome administrative costs 32,000 4 Income $ 18,000 1) Calculate ABC's contribution ratio (to one decimal, ie enter 13.1 for 13.1%) 2) The Marketing Manager suggests that if the budget for advertising could be increased by $20,000 ABC could sell 2000 additional units. What would the new Operating Income be if they did? (answer to the nearest dollar) 3) Independent of #2, refer to original income statement above - - ABC feels that if they lowered their price by $2.25 per unit they could sell 2500 more units. What would the new Operating Income be if they did? (answer to the nearest dollar) 4-7) Move Along Company, a producer of cardboard boxes, has the following information