Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $41,300 Food and packaging $16,936 Payroll 10,400 Occupancy (rent, depreciation, etc.) 6,724 General, selling, and administrative expenses 6,000 $40,060 Income from operations $1,240 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. % c. How much would income from operations increase if same-store sales increased by $2,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $ million - - Break-Even Sales Currently, the unit selling price of a product is $200, the unit variable cost is $160, and the total fixed costs are $312,000. A proposal is being evaluated to increase the unit selling price to $220. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased to the proposed $220, and all costs remain constant. units