Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 26% Management is considering adding a new product that will require an additional $11,500 per month of fixed expenses and will have variable expenses of $8 per unit Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 26% (Round your answer to 2 decimal places.) b. Calculate the number of units of the new product that would have to be sold if the new product is to increase the firm's monthly operating income by $9,100. (Do not round intermediate calculations.) per unit Selling price b. Number of units W Saved Calculate the missing amounts for each of the following firms: (Do not round intermediate calculations.) Variable Costs Contribution Margin Ratio Fixed Costs Firma $ 320,000 Operating Income (Loss) 35,028 72.594 460.000 133.000 116,000 39.800 Firmu 58.000 (4.905) Prey20 5 Next >