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In 2016, Wiggins Ltd had a break-even point of$350 000 based on a selling price of$7 per unit and fixed costs of$105 000. In 2017,

In 2016, Wiggins Ltd had a break-even point of$350 000 based on a selling price of$7 per unit and fixed costs of$105 000. In 2017, the selling price and the variable cost per unit did not change, but the break-even point increased to$455 000.

(a)Calculate the variable cost per unit and the contribution margin ratio for 2016.

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