Click here to watch the Tell Me More 10.3 video and then answer the questions included below. 1. Calculate the contribution margin ratio from the given data. Line Item Description Amount Unit variable cost $300 Unit contribution margin $200 Unit selling price $500 Fixed cost $10,000 a. 40% b. 60% c. 66.67% d. 50% 2. A motor-cycle manufacturing company desires a profit of $600,000. The fixed costs are $800,000. The unit selling price of the motor-cycle is $750 and the variable cost per unit is $680. How many units of motor-cycle should the company sell to earn the desired profit? a. 11,429 motor-cycles b. 8,572 motor-cycles c. 20,000 motor-cycles d. 2,857 motor-cycles