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Question 6 fof 6) | Save & Exit 11 Submit value: . 60.00 points Stratford...

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Accounting

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Question 6 fof 6) | Save & Exit 11 Submit value: . 60.00 points Stratford Company distributes a lightweight lawn chair that sells for $25 per unit. Variable expenses are $9 per unit, and fixed expenses total $200,000 annually. Results for last year are as follows Sales (23,000 units) Variable expenses 575,000 207,000 Contribution margin Fixed expenses 368,000 200,000 Operating income S 168,000 Required: 1. Calculate the company's CM ratio and its break-even point in sales dollars and in units CM ratio Break-even point in sales dollars Break-even point in units 2. If sales increase by $57,000 during the coming year due to increased demand, by how much should operating income increase? Use the incremental approach in preparing your answer Operating income increases by

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