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Question 4 (0.8 points) Sales revenue $ 375,000 Cost of goods sold $ 150,000 Gross Profit $ 225,000 Operating expenses: General & administrative $ 100,000

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Question 4 (0.8 points) Sales revenue $ 375,000 Cost of goods sold $ 150,000 Gross Profit $ 225,000 Operating expenses: General & administrative $ 100,000 Selling $ 18,750 total operating expenses $ 118,750 $ Operating profit 106,250 Franklin Co.'s income statement is shown below for a month when they sold 22,000 units. They are a retailer so Cost of Goods Sold is entirely variable. Selling costs are 5% of sales. All other costs are fixed. What is Franklin's contribution margin per unit? Submit your response rounded to two decimal places, without the dollar sign or commas. Your

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