Contribution Margin, CVP, Net Income, Margin of Safety Nail Glow, Inc., produces novelty nail polishes. Each bottle sells for $5.90. Variable unit costs are as follows: Acrylic base Pigments $0.86 Bottle, packing matenal $1.15 0.57 Selling commission 0.14 Other ingredients 0.43 Fixed overhead costs are $34,475 per year. Fixed selling and administrative costs are $6,720 per year. Nail Glow sold 35,000 bottles last year. Required: 1. What is the contribution margin per unit for a bottle of nail polish? Round your answer to the nearest cent. $ per unit. What is the contribution margin ratio? Round your answer to four decimal places. Use the rounded value in the subsequent computations. (Express as a decimal-based amount rather than a whole percent.) 2. How many bottles must be sold to break even? bottles What is the break-even sales revenue? Round your answer to the nearest dollar, if rounding is required. Use the rounded value in the subsequent computations. S 3. What was Nail Glow's operating income last year?