Chrome File Edit View History Bookmarks Profiles Tab Window Help 1 $ 7 ()) 84% Wed 10:57 AM Dave Barr QE ... a Am x a Buy x Stu x 4 My X 6 AC( X @ Cor X (35 X WP AC( X WP NW X Course C | Chege * Course M Fwd: - | Course G how do + C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=Oac8d975-155b-453c-9cc1-ce130d512612#/question/10 - ACC-650 TOPIC 2 Assignment Question 11 of 13 - 143 ... View Policies Current Attempt in Progress Crane sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Per Unit Sales revenue $550,000 $50 Variable expenses 192,500 17.50 Contribution margin 357,500 $32.50 Fixed expenses 295,750 Operating income $ 61,750 (a) What is Crane's contribution margin ratio? Its variable cost ratio? (Round ratios to 2 percentage places, e.g. 0.38 = 38%.) pic 2.jpeg pic 1.jpeg Show All X O W 2 .tv LO & 14-2.jpChrome File Edit View History Bookmarks Profiles Tab Window Help 1 $ 7 ()) 84% Wed 10:57 AM Dave Barr QE ... a Am x a Buy x Stu x 4 My X 6 AC( X | Cor X (35 x WP AC( X WP NW X Course C | Chege * Course M Fwd: - | Course G how do + C A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=Oac8d975-155b-453c-9cc1-ce130d512612#/question/10 - ACC-650 TOPIC 2 Assignment Question 11 of 13 > - 14 3 : Net Operating income will increase by $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (d) Crane's managers have determined that variable costs per unit will increase by 20% beginning next month. To offset this increase in costs, they are considering a 12% increase in the sales price. Market research indicates that the price increase will result in a 3% decrease in the number of learning systems Crane sells. What will be Crane's expected operating income if the price increase is implemented? (Round per unit calculations to 2 decimal places e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) Operating income $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer pic 2.jpeg A pic 1.jpeg O W ED 6 & 14-2.j O