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Tanek Industries manufactures and sells three different models of wet-dry shop vacuum cleaners. Although the shop vacs vary in terms of quality and features, all are good sellers. Tanek is currently operating at full capacity with limited machine time. Sales and production information relevant to each model follows. Product Standard Economy Deluxe $31 $52 $ 104 Selling price Variable costs and expenses Machine hours required $17 $ 21 $ 48 0.5 0.8 1.6 (21) Calculate contribution margin per unit. Product Economy Standard Deluxe Contribution margin per unit $ $ $ The following CVP income statements are available for Blanc Company and Noir Company Blanc Company $485.000 291,000 Nolr Company $485.000 Sales 242.500 194,000 242.500 Variable costs Contribution margin Fixed costs Net income 186,240 234.740 $7.760 $7.760 (21) Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Before Booth Company had the chance to implement usage of the new raw material, new industry specifications were announced and result in the following changes for the Booth Company. Variable costs will increase by 15% per unit and fixed costs will increase by $ 47,000. Management feels that a $3 per unit price increase is needed to accommodate the cost increases. However, this will result in a 10% decrease in units sold. Prepare a CVP income statement assuming these changes have been made. Booth Company CVP Income Statement For the Year Ended December 31, 2020 Sales $ Variable Costs Contribution Margin Less Fixed Costs Net Income/(Loss) $