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 $729,600. Total fixed costs equal $7,800,000. Required: 1. What is the contribution margin per unit? Round your answer to the nearest cent. $fill in the blank 1 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.) fill in the blank 2 2. Calculate the sales revenue needed to break even. Round your answer to the nearest dollar. $fill in the blank 3 3. Calculate the sales revenue needed to achieve a target profit of $290,000. Round your answer to the nearest dollar. $fill in the blank 4 4. What if the average price per unit increased to $17.50? Recalculate the following: a. Contribution margin per unit. Round your answer to the nearest cent. $fill in the blank 5 b. Contribution margin ratio. Enter your answer as a decimal value (not a percentage), rounded to four decimal places. fill in the blank 6 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. $fill in the blank 7 d. Sales revenue needed to achieve a target profit of $290,000. 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. $fill in the blank 8