A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $600...

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A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $600 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month. In May, the company sold 230 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. Contribution margin $ 300 per unit B. Calculate the contribution margin ratio of the Bomber. Contribution margin ratio 50 % Feedback C. Prepare a contribution margin income statement for the month of May. Use a minus sign for a net loss if present. Sales Income Statement x Variable Costs x Contribution Margin Fixed Costs Net Income (Loss) A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $600 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month. In May, the company sold 230 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. Contribution margin $ 300 per unit B. Calculate the contribution margin ratio of the Bomber. Contribution margin ratio 50 % Feedback C. Prepare a contribution margin income statement for the month of May. Use a minus sign for a net loss if present. Sales Income Statement x Variable Costs x Contribution Margin Fixed Costs Net Income (Loss)