Complete highlited cells NAME: Optimal Selling Price Price Taker Data provided with problem set on Canvas Price reduction/uni Resulting increase in demand (units) $48.00 700.00 Unit data Units produced & sold Price/unit Variable cost/unit CM/unit FC 14% % Change in Demand 8% % Change in Price 1.80 Price elasticity of demand Contribution Margin Statement 5,000 Sales Revl $600 Total Var Cost| $100 CMI FC $20,000 ol CM ratio BEP in units BEP in dollars Maximum Annual Profit Pu Vcu C.M./u Units sold CM $600.00 $100.00 $500.00 5,000 $2,500,000 FC 0 $ 2,500,000 NEW CONTRIBUTION MARGIN STATEMENT AFTER PRICE ADJUSTMENT Unit data Contribution Margin Statement Units produced & sold Sales Rev Price/unit Total Var Cost Variable cost/unit CM CM/unit FC FC OI CM ratio BEP in units BEP in dollars