The Cost Equation 1. What is the Basic Cost Equation? 2. Computing the Contribution Margin for Willie Company The following information relates to financial projections of Willie Company: Projected sales Projected variable costs Projected fixed costs 25,000 units $2.00 per unit $50,000 per year $7.00 Projected unit sales price What is Wille company's contribution margin per unit? 3. Break Even Referto Willie Company. How many units would Willie Company need to sell to earn a profit before taxes of $22,000? 4. Selling Price Referring to the Willie company in the previous section. If Willie wanted to sell the same number of units computed in question 3 but wanted to double their profit. How much would Willie have to sell each unit for? At that number of units sold, what is the margin of safety