eBook Show Me How My Home Basic Break-Even Calculations Instructions Amount Descriptions Calculations Contribution Margin Income Statement Instructions Suppose that Patron Company sells a product for $20. Unit costs are as follows: Direct materials $2.25 Direct labor 1.60 Variable factory overhead 2.00 Variable selling and administrative expense 0.95 Total fixed factory overhead is $55,240 per year, and total fixed selling and administrative expense is $38,480. Required: 1. Calculate the variable cost per unit and the contribution margin per unit 2. Calculate the contribution margin ratio and the variable cost ratio 2. Which of the following choices correctly depicts activities that would be included in a manufacturer's value chain? Research and Marketing Distribution Development A. ABCDE Yes Yes No B. Yes No Yes C. Yes Yes Yes D. No Yes No E. No Yes Yes CD Commany revealed the following information