Current Attempt in Progress Ivanhoe sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company$$s income statement from last month is as follows: Total Per Unit Sales revenue $$676,000$$$52$ Variable expenses $236,60018\mathrm{.}20$ Contribution margin $439,400$$$33\mathrm{.}80$ Fixed expenses $286,000$ Operating income $$153,400($a$)$ Your answer is correct. What is Ivanhoe$$s contribution margin ratio? Its variable cost ratio? $($Round ratios to $2$ percentage places, e$.$g$.0\mathrm{.}38=38\%.)$ Contribution margin ratio Correct answer $\%$ Variable cost ratio Correct answer $\%$ eTextbook and Media Attempts: $1$ of $3$ used $($b$1)$ Your answer is correct. Compute breakeven sales. $($Use the rounded contribution margin ratio calculated in the previous part to compute breakeven sales.$)$ Breakeven sales $ Correct answer eTextbook and Media Attempts: $1$ of $3$ used $($b$2)$ Your answer is correct. What is Ivanhoe$$s margin of safety? Margin of safety $ Correct answer eTextbook and Media Attempts: $1$ of $3$ used $($c$)$ Your answer is incorrect. If Ivanhoe$$s sales were to increase by $$200,000$with no change in fixed expenses, by how much would operating income increase?$($Use the rounded contribution margin ratio calculated in the previous part to compute breakeven sales.$)$ Net Operating income will increase by $ Incorrect answer eTextbook and Media Save for Later Attempts: $1$ of $3$ used Submit Answer $($d$)$ Your answer is correct. Ivanhoe$$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$2\%$ decrease in the number of learning systems Ivanhoe sells. What will be Ivanhoe$$s expected operating income if the price increase is implemented?$($Round per unit calculations to $2$ decimal places e$.$g$.52\mathrm{.}75$ and final answer to $0$ decimal places, e$.$g$.5,275.)$ Operating income $ Correct answer eTextbook and Media Attempts: $1$ of $3$ used