31. Assume a company sells 500 units for $20 each. Their direct material costs total $3,000. Their direct labor and variable overhead total $2,000. Their sales people earn a 20% commission on all sales. Sales commissions are the only variable selling, general or operating costs.The company's fixed costs consist of $1,000 in rent, $500 in salaries and $500 in advertising costs. Calculate the company's operating income.

32. Assume a company sells 500 units for $20 each. Their direct material costs total $3,000. Their direct labor and variable overhead total $2,000. Their sales people earn a 20% commission on all sales. Sales commissions are the only variable selling, general or operating costs.The company's fixed costs consist of $1,000 in rent, $500 in salaries and $500 in advertising costs. Calculate contribution margin ratio.

34. Assume a company sells their only product for $20 per unit. Their variable costs total $16 per unit. The company has fixed costs totaling $168,000. The company sells 50,000 units.

What is the breakeven point in units?

35. Assume a company sells their only product for $20 per unit. Their variable costs total $16 per unit. The company has fixed costs totaling $168,000. The company sells 50,000 units.

What is the contribution margin per unit?