Contribution Margin Molly Company sells 40,000 units at $14 per unit. Variable costs are $11.20 per unit, and fixed costs are $59,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.

a. Contribution margin ratio (Enter as a whole number.) _____%

b. Unit contribution margin (Round to the nearest cent). _____per unit

c. Operating income