Instructions Calculations Amount Descriptions Contribution Margin Income Statement Instructions Suppose that Patron Company sells a product for $19. Unit costs are as follows: Direct materials $2.10 Direct labor 1.45 Variable factory overhead 2.20 Variable selling and administrative expense 1.09 Total fixed factory overhead is $47,816 per year, and total fixed selling and administrative expense is $38,520. 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. Break-Even Calculations structions Amount Descriptions Calculations Contribution Margin Income Statement uctions Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost uctions Amount Descriptions Calculations Contribution Margin Income Statement ctions mount Descriptions Calculations 1. Calculate the variable cost per unit and the contribution margin per unit. Round your answers to two decimal places. Unit variable cost Unit contribution margin 2. Calculate the contribution margin ratio and the variable cost ratio. Contribution margin ratio Variable cost ratio 3. Calculate the break-even units. sic Break-Even Calculations Instructions Amount Descriptions Calculations Contribution Margin Income Statement Instructions Su Amount Descriptions Calculations Contribution Margin Income Statement 4. Prepare a contribution margin income statement at the break-even number of units. Refer to the list of Amount Descriptions for the exact wording of text items within your inc statement. Enter all amounts as positive numbers. 1 2 Patron Company Contribution Margin Income Statement At Break-Even Number of Units