Jurassic Park sells only one product, plastic dinosaurs, at a regular price of $36.90 per unit. Variable expenses are 58% of sales and fixed expenses are $62,000. Management has decided to decrease the selling price to $31.05 in hopes of increasing its volume of sales. What is the contribution margin ratio when the selling price is reduced to $31.05 per unit? 42% O 31.1% 58% 68.9% The Dolphin Hotel sells their famous hotel soap. Information on cost per unit is as follows: Direct materials $6.00 Direct labor 9.00 Variable overhead 4.00 Variable marketing expense 5.00 Fixed marketing expense totaled $23,000 and fixed administrative expense totaled $39,000. The price per bar of soap is $46. How many units must be sold to yield targeted income of $70,000? 4,259 O 4,889 O 6,000 O 8,000