Instructions Suppose that Larimer Company sells a product for $19. Unit costs are as follows: Direct materials $2.05 Direct labor 1.45 2.20 Variable factory overhead Variable selling and administrative expense 1.14 Total fixed factory overhead is $47,816 per year, and total fixed selling and administrative expense is $38,520. 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. Contribution Margin Income Statement 4. Prepare a contribution thargin income statement at the break-even number or units. Roer to the 1st or Amount Descriptions for the exact wording of textors within your income statement Enter all amounts as positive numbers. Larimer Company Contribution Margin Income Statement At Break-Even Number of Units 1 2 3