Basic Break-Even Calculations Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials Direct labor Variable factory overhead Variable selling and administrative expense $4.98 2.10 1.00 2.00 Total fixed factory overhead is $26,500 per year, and total fixed selling and administrative expense is $15,260. Required: 1. Calculate the variable cost per unit and the contribution margin per unit 2. Calculate the contribution margin ratio and the variable cost ratio. 3. Calculate the break-even units. 4. Prepare a contribution margin income statement at the break-even number of units. Enter all amounts as positive numbers