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Craig Company Inc. earns a contribution margin ratio of 36% on its main product sold at $120 per unit. Assume that the annual break-even point

Craig Company Inc. earns a contribution margin ratio of 36% on its main product sold at $120 per unit. Assume that the annual break-even point is 80,000 units.

Required:

1. Compute the annual fixed costs

2. What is the contribution margin for every unit sold beyond the break-even point? (Round your answer to 2 decimal places.)

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