Cullumber 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. a $34 10 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 9.0 3 GE Annual fixed expenses Overhead Selling expenses Administrative expenses $8,268,000 1.749.000 3,339.000 Cullumber can produce 1.590,000 million cases a year. The projected net income for the coming year is expected to be $1,908,000 million Cullumber is subject to a 40% income tax rate. During the planning sessions, Cullumber'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 fixed administrative expenses will increase by $159,000. All other costs and expenses are expected to remain the same PR (1) English (United State) gotora 1053 words MacBook Air Question 9 of 10 0.33/1 Calculate contribution margin per unit for the coming year. (Round contribution margin per unit to 2 decimal places, cg.0.38.) Contribution margin per unit 10.50 e Textbook and Media Attempts: 1 of 3 used GE (a2) Your answer is incorrect. What amount of sales revenue will Cullumber need to achieve in the coming year to earn the projected net income of $1,908,000 milion? (Use the rounded contribution margin per unit calculated in the previous part to compute Sales Revenue. Round answer to decimal places, s. 25,000) 4991143 Sales revenue PRO