$8.40 Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 17,000 T-shirts at $24 each in the coming year. Product costs include: Direct materials per T-shirt Direct labor per T-shirt $1.68 Variable overhead per T-shirt $0.72 Total fixed factory overhead $44,000 Variable selling expense is the redemption of a coupon, which averages $1.20 per T-shirt; fixed selling and administrative expenses total $12,000 Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round ratio values to three decimal places (express the ratio as a decimal rather than a percentage) a. Variable product cost per unit 10.80 b. Total variable cost per unit 12.00 Contribution margin per unit 12.00 d. Contribution margin ratio 50 X Total fixed expense for the year 55,000 X 2. Prepare a contribution-margin-based income statement for Super Tees Company for the coming year. If required, round your per unit answers to the nearest cent. Super-Tees Company Contribution Margin-Based Operating Income Statement For the Coming Year Total Per Unit Sales 336,000 X 24 Total variable expense 168,000 X 12 Total contribution margin 163,000 X 12 Total Fixed expense . 55.000 X Operating income 113,000 X Feed 3. What is the per unit selling expense increased from $1.20 to $2.557 Calculate new values for the following: Round dollar amounts to the nearest cent and round ratio values to four decimal places (express the ratio as a decimal rather than a percentage): a Variable product cost per unit 1. Total variable cost per un Contribution margin per unit Contribution margin ratio e. Total xed expense for the year