Wong belived people would pay 56.50 for a large bowt of noodles. Variable costs would be $1.95 a bow creating a contribution margin of $4.55 per bow. Wong did franchise her restaurant concept Because of Nootle Time's succoss. Yang Wong estimated monthly fixed costs for franchisees at 36,400 . Franchisees Noodles 'n More has come on the scene as a compettor. To maintain its market wanted a minimum monthly operating income of $7,000 share. Nootle Time will have to lower its sales price to $6,00 per bowl. At the same time, Noodle Time hopes to increase each restaurant's volume to 6,000 bomls per month by embarking on a marketing campaign. Each franchise wil have to contribute 5500 per month to cover the advertising costs Phor to these changes. most locations were seling 5,500 bewis per month Beloce franchising her Noodle Time restaurant concept, owner Yang Wong had made the followng assumptions (Click the icon to view the assimptions) (C) (Click the icon to view more inlormation) Read the requrements Requirement 2. Assuming that the price cut and adverising campaign are successfil at increasing volume to the poojecled level, wil the franchiseet stil eam their target probt of \$7, ooo per inont Show your calculstiont Identify the formula labels and compute the operating income afler the changes