Ihapter 16, Assignment 1 eBook Print item Variable Costs, Contribution Margin. Contribution Margin Ratio SuperTees Company plans to sell 18,000 T-shirts at $21 each in the coming year. Product costs include: Direct materials per T-shirt $7.35 Direct labor per T-shirt $1.47 Variable overhead per T-shirt $0.63 Total fixed factory overbead $35,000 Variable selling expense is the redemption of a coupon, which averages $1.05 per T-shirt; fixed selling and administrative expenses total $17,000. Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round ratio values to three decimal places (express the ratio as a decimal rather than a percentage). a. Variable product cost per unit b. Total variable cost per unit c. Contribution margin per unit d. Contribution margin ratio e. Total fixed expense for the year 2. Prepare a contribution-margin-based income statement for Super-Tees Company for the coming year. If required, round your per unit answers to the nearest cent Super-Tees Company Contribution-Margin-Based Operating Income Statement For the Coming Year Total Per Unit d. Contribution margin ratio e Total fixed expense for the year 2. Prepare a contribution margin-based income statement for Super Toes Company for the coming year. If required, round your per unit onswars to the nearest cent, Super-Tees Company Contribution-Margin-Based Operating Income Statement For the Coming Year Total Per Unit 3. What if the per unit selling expense Increased from $1.05 to $2.257 Calculate new values for the following: Round dollar amounts to the nearest cent and round ratio values to four decimal places (express the ratio as a decimal rather than a percentage): . Variable product cost per unit 1 b. Total variable cost per unit Contribution margin per unit d. Contribution margin ratio Total fixed expense for the year