ZEP Corporation prepared the following contribution format income statement based on a sales volume of 2030 units units $220.255 Sales 147.581 Variable expenses 72.674 Contribution margin 27,596 Fixed expenses $45,078 Net income Each of the following questions is independent. Refer back to the original data unless the question mentions otherwise Round your answers in a way that makes sense for the question or as requested. 1. Calculate the contribution margin ratio. (round to the nearest % whole percent and if you use CMR in future calculations, use the value as rounded here/input code: 0) 2. Calculate the contribution margin per unit. (round to the $ nearest hundredths place and if you use UCM in future calculations, use the value as rounded here/input code 0.00) 3. If sales increase by one unit, how much would be the increase in Net Income? (enter your answer to the nearest hundredth of a dollar/input code 0.00) 4. If sales decline to 1,650 units, how much would be the new Net Income? (round to the nearest whole dollar/input code: 0) 5. If the selling price increases by $13. O per unit and the sales volume decreases by 300 units, how much would be the revised $ Net Income? (round to the nearest whole dollar/input code: 0) 6. How many dollars of sales are required to earn a target net income of $132,500? (round UP to the nearest whole $ dollar/input code:O) 7. Calculate the degree of operating leverage. (round to the nearest hundredths place and if you use operating leverage in future calculations, use the value as rounded here/input code: 0.00) 8. Estimate the percentage increase in Net Income if sales increase by 16%. (round to the nearest hundredths place input code: 0.00) % $ $ $