Cost-Volume-Profit Currently the unit selling price of a product is $180, the variable expense ratio is 45%, and the total fixed costs are $42,075. Calculate the current contribution margin per unit. I Calculate the current contribution margin ratio. Calculate the current breakeven point in units. Calculate the margin of safety if actual sales are $142,920. Calculate target sales in $ to generate operating income of $51,084. Variable and Absorption Costing Wilson Company manufactures tennis rackets. The following costs were incurred during the company's first year of operations: Direct Materials $15 Fixed manuf O/H $ 200,000 Direct Labor $10 Fixed selling & admin $ 140,000 Variable manufacturing O/H $ 4 Variable selling and admin $ 2 The company produced 25,000 rackets and sold 18,000 rackets for $70 each. Using absorption costing: Calculate the unit product cost Calculate operating income for the year Using variable costing: Calculate the unit product cost Calculate operating income for the year