Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit Schylar Pharmaceuticals, Inc., plans to sell 150,000 units of antibiotic at an average price of $22 each in the coming year. Total variable costs equal $990,000. Total fixed costs equal $7,900,000. Required: 1. What is the contribution margin per unit? Round your answer to the nearest cent. 15.4 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.) 0.7 2. Calculate the sales revenue needed to break even. Round your answer to the nearest dollar. 11,285,714 3. Calculate the sales revenue needed to achieve a target profit of $285,000. Round your answer to the nearest dollar. 11,692,857 4. What if the average price per unit increased to $23.507 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. Check My Work Previous Next All work saved Email instructor Save and Exit Submit Assignment for Grading