answer E for thumbs up

Cullumber Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $40 throughout the country to loyal alumni of over 1.600 schools. Cullumber's variable costs are 40% of sales: fixed costs are $120.000 per month (1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg: 0.38 = 38%) Contribution margin ratio 6096 What is Cullumber's annual breakeven point in sales dollars? (Use the rounded contribution margin to compute breakeven sales.) $ 2400000 Breakeven sales Cullumber currently sells 116,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase? (Round answer to decimal places, eg. 5,275.) Operating income 417600 Assume that variable costs increase to 30% of the current sales price and fixed costs increase by $12,000 per month. If Cullumber were to raise its sales price by 10% to cover these new costs, what would be the new annual breakeven point in sales dollars? (Round sales price to 2 decimal places, eg, 52.75 and final answer to decimal places, eg. 5,275.) $ 2178000 Breakeven sales Assume that variable costs increase to 30% of the current sales price and fixed costs increase by $12,000 per month. If Cullumber were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 7%, what would be the new annual operating income? (Round sales price to 2 decimal places, eg. 52.75 and final answer to decimal places, eg. 5,275.) The new annual operating income 1868160 (e) If variable costs and fixed costs were to change as in part (d), would Cullumber be better off raising its selling price and losing volume or keeping the selling price at $40 and selling 116,000 blankets? Cullumber is off to raise the sales price to $44 and sell fewer blankets