Mini-Exercise 12-4 (Algo) CVP analysis LO 8 Current operating income for Bay Area Cycles Co. is $52,000. Selling price per unit is $100, the contribution margin ratio is 20%, and fixed expense is $208,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Revenue Variable expense Contribution margin Fixed expense Operating income Per Unit Volume $ 100.00 Total Ratio 100% % 20% (208,000) $ 52,000 2. How many additional unit sales would be necessary to achieve operating income of $130,000? Additional unit sales units