Liliac Company sells a single product. The selling price of the product is $300 per unit. Variable cost is $180 per unit. Fixed cost is $360,000 per period. Currently, the company is selling 5,000 units of the product. Suppose that the company's variable expense per unit has gone up by $30 and total fixed cost has increased by $40,000. Now the company wants to maintain teh same contribution margin ratio as before. For that purpose, the selling price should be changed. What will be the new selling price per unit? Selected Answer C$308 Answers: A. $320 8. $330 C. $308 D. $350