Content Area Contribution Margin, Cost-Volume-Profit, Margin of Safety Candyland Inc. produces a particularly rich praline fudge. Each 10-ounce box sells for $5.60. Variable unit costs are as follows: Line Item Description Cost Pecans $0.70 Sugar 0.35 Butter 1.85 Other ingredients 0.34 Box, packing material 0.76 Selling commission 0.20 Fixed overhead cost is $32,300 per year. Fixed selling and administrative costs are $12,500 per year. Candyland sold 35,000 boxes last year. Required: 1. What is the contribution margin per unit for a box of praline fudge? fill in the blank 1 of 10$ What is the contribution margin ratio? fill in the blank 2 of 10 % 2. How many boxes must be sold to break even? fill in the blank 3 of 10 boxes What is the break-even sales revenue? fill in the blank 4 of 10$ 3. What was Candyland's operating income last year? fill in the blank 5 of 10$ 4. What was the margin of safety in sales dollars? fill in the blank 6 of 10$ 5. Conceptual Connection: Suppose that Candyland Inc. raises the price to $6.20 per box but anticipates a sales drop to 31,500 boxes. What will be the new break-even point in units? fill in the blank 7 of 10 units