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Contribution Margin Ratio, Break - Even Sales Revenue, Sales Revenue for Target Profit Schylar Pharmaceuticals, Inc, plans to sell 1 2 0 , 0 0

Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit
Schylar Pharmaceuticals, Inc, plans to sell 120,000 units of antibiotic at an average price of $16 each in the coming year. Total variable costs equal $614,400. Total fixed costs equal $8,300,000.
Required:
What is the contribution margin per unit? Round your answer to the nearest cent.
s
What is the contribution margin ratio? Round your answer to two decimal places. (Express as a decimal-based answer rather than a whole percent amount.)
q,
Calculate the sales revenue needed to break even. Round your answer to the nearest dollar.
$ q,
Calculate the sales revenue needed to achieve a target profit of $225,000. Round your answer to the nearest dollar.
$ q,
What if the average price per unit indreased to $17.50? Recalculate the following:
a. Contribution margin per unit. Round your answer to the nearest cent.
$ b. Contribution margin ratio. Enter your answer as a decimal value (not a percentage), rounded to four decimal places.
c. Sales revenue needed to break even. In your computations, use your rounded answer from part (4-b) above for the contribution margin ratio, and round your final answer to the nearest dollar.
s q, nearest dollar.
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