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2. Sooner Industries charges a price of $89 and has fixed cost of $397,500. Next year, Sooner expects to sell 13,200 units and make operating
2. Sooner Industries charges a price of $89 and has fixed cost of $397,500. Next year, Sooner expects to sell 13,200 units and make operating income of $198,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. 3. Last year, Jasper Company earned operating income of $17,760 with a contribution margin ratio of 0.2 . Actual revenue was $222,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.35 . The fixed cost is $187,200 and 24,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note : Do NOT round interim computations. Round answers to the nearest cent
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