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Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The...

Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 2,100 schools. Blossom’s variable costs are 43% of sales; fixed costs are $114,000 per month.

Blossom currently sells 148,000 blankets per year. If sales volume were to increase by 16%, by how much would operating income increase? (Round answer to 0 decimal places, e.g. 5,275.)

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Answer #1

Units Sales @ $50 less: Variable costs @ 43% Contribution Fixed Cost Net Operating Income Current Sales Revised Sales 148000

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