15) Use the following information to determine the contribution margin ratio: Unit sales Unit selling price Unit variable cost Fixed costs A 50,000 Units $ 14.50 $ 7.50 $ 204,000 A) 51.7%. B) 6.9%. C) 48.3%. D) 34.1% E) 24.5% 13) Gray Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product Q. Direct material cost per unit of Q Total estimated manufacturing overhead Total cost per unit of Q Total estimated machine hours Direct labor cost per unit of Q $ 15 $ 100,000 $ 60 200,000 MH 30 $ A) 50 MH per unit of Q. B) 30 MH per unit of Q. C) 0.50 MH per unit of Q. D) 0.75 MH per unit of Q. E) 17.5 MH per unit of Q. 14) Raven Company has a target of $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,000? A) $23,333. B) $420,000. C) $36,000. D) $300,000 E) $353,333