Mini-Exercise 12-4 CVP analysis LO 8 Current operating income for Bay Area Cycles Co is $24,000. Selling price per unit is $100, the contribution margin ratio is 30%, and fixed expense is $96,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? TotalRatio Per Unit $ 100.00 Revenue Variable expense Contribution margin Fixed expense Operating income 1001 % (96,000) $24.000 2. How many additional unit sales would be necessary to achieve operating income of $60,000? units