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Valentine Corporation is a company that produces and sells a single product- smartphone apps. It has provided its contribution format income statement for February. Sales (8,500 units).. Variable expenses. Contribution margin.. Fixed expenses. . Net operating income...... $637,500 363.375 274.125 100,200 $173,925 If Valentine Corporation sells 25,000 units, its total contribution margin should be closest to: a. $1,511,625 b. $274,125 $806,250 d. $1,875,000 27412S 8500 25000 Figure 7-2 The Dolphin Hotel sells their famous hotel soap. Information on cost per unit is as follows: Direct materials $6.50 Direct labor 9.00 Variable overhead Variable marketing expense 3.50 3.00 Fixed marketing expense totaled $26,000 and fixed administrative expense totaled $39,000. The price per bar of soap is $42. 6 Refer to Figure 7-2. How many units must be sold to yield targeted income of $80,000? 9,355 a. b. 6,304 3,250 7,250 e. 5,300 80 o0o c. 7. Jurassic Park sells only one product, plastic dinosaurs, at a regular price of $30.00 per unit. Variable expenses are 75% of sales and fixed expenses are $1 8,000. Management has decided to decrease the selling price to $27.80 in hopes of increasing its volume of sales. What is the contribution margin ratio when the selling price is reduced to $27.80 per unit? 19% b. 75% 25% c. d. 27%