Mini-Exercise 12-4 (Algo) CVP analysis LO 8 Current operating income for Bay Area Cycles Co. is $46,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $184,000. 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 Total Ratio $ 100.00 100 % 99.25 % 25 % (184,000) $ 46,000 2. How many additional unit sales would be necessary to achieve operating income of $115,000? Additional unit sales units