Phoenix was a professional classical guitar player until a motorcycle accident left him disabled. After long months of therapy, he hired an experienced luthier and started a small shop to make and Spanish guitars. The guard for $705, and the fixed monthly operating costs are as follows Rent and utilities Wages and benefits to luthier Other expenses $810 $2.510 5480 Phoenix's accountant told him about contribution margin ratios, and Phoenix understood clearly that for every dollar of sales, 50 60 went to cover his fixed costs, and anything above that port w Phoenix is planning to increase the sales price to $750. What impact will the increase in sales price have on the contribution margin ratio? OA. It will increase to 54% OB. It will decrease to approximately 50.4% OC will stay the same i OD. It will increase to approximately 62.4%