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Question 3 Contribution Margin Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000.

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Question 3 Contribution Margin Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Round to one decimal place.) the blank 1 % fill in b. Unit contribution margin $fill in the blank 2 per unit c. Income from operations

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