Crane Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $40 12 10.6 3 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses Annual fixed expenses Overhead Selling expenses Administrative expenses 59,828,000 2,079,000 3,969.000 Crane can produce 1,890,000 million cases a year. The projected net income for the coming year is expected to be $2,268,000 million. Crane is subject to a 40% income tax rate. During the planning sessions, Crane's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that foed administrative expenses will increase by $189.000. All other costs and expenses are expected to remain the same (a1) Calculate contribution margin per unit for the coming year. (Round contribution margin per unit to 2 decimal places, eg. 0.38.) $ Contribution margin per unit e Textbook and Media Save for Later Attempts: 0 of 3 used Submit