Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold $34 10 Variable selling expenses 9.0 Variable administrative expenses 3 Annual fixed expenses Overhead $9,672,000 Selling expenses 2,046,000 Administrative expenses 3,906,000 Blossom can produce 1.86 million cases a year. The projected net income for the coming year is expected to be $2.23 million. Blossom is subject to a 40% Income tax rate. During the planning sessions, Blossom's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that fixed administrative expenses will increase by $186,000. All other costs and expenses are expected to remain the same. (a1) Your answer is incorrect. Calculate contribution margin per unit for the coming year. (Round contribution margin per unit to 2 decimal places, e.g. 0.38.) Contribution margin per unit eTextbook and Media Save for Later Last saved 7 seconds ago. Saved work will be auto-submitted on the due date. Attempts: 1 of 3 used Submit