11 Canton Company produces and sells toasters. The following unit cost information assumes a production and sales volume of 16,200 units 25 pints Direct materials: $12.00 Direct labor 9.00 Variable overhead 2.60 Fixed overhead 3.60 Variable selling and administrative costs Fixed selling and administrative costs 7.00 5.20 eBook Required: Print References a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1 Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1 e. Using the unit contribution margin, compute the firm's estimated profit if 16,200 units are sold. a Budgeted selling price per unit b. Total fred costs c Contribution margin d Break-even point d Break-even sales e Estimated profit per unit units 11 Canton Company produces and sells toasters. The following unit cost information assumes a production and sales volume of 16,200 units Direct materials 125 points $12.00 Direct labor 9.00 Variable overhead Fixed overhead 2.60 Variable selling and administrative costs Fixed selling and administrative costs 3.60 7.00 5.20 eBook Required: Print References Mc Graw Hill a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 16,200 units are sold. a Budgeted selling price per unit b. Total fixed costs c Contribution margin d Break-even point d Break-even sales Estimated proft per unit units