Use the information below for questions 19 and 20. Wally and Beaver Cleavor were in need of some money so they decided to have an Eddie Haskal look-a-like contest. Each contestant would be charged $10 for entry into the contest and the winner would receive $100. Beaver just finished his first course in managerial accounting, so he decided to compute the profit on this venture. Beaver figured out the results and went running to tell Wally. "Gee Wally," said Beaver, "if we get 80 contestants, we will have a contribution margin of $620 and a profit of $360!" "Wow Beav," Wally replied, "we're making all that money off dumb 'ol Eddie Haskal." 19. What is the cost formula for Wally and Beaver's venture? A. Y $260 +2.25x B. Y $260+180x C. Y $260 +3.25x 000,512 D. Y $260 +260x E. None of the above 20. What will be the effect on the following items if Wally and Beaver raise the prize money from $100 up to $300? Variable Cost A. Increase B. No change C. No change D. Decrease Fixed Cost No change Increase Increase No change Cont. Margin No change No change Decrease Increase E. None Willard had