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Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 20,000 T-shirts at $25 each in the coming year. Product costs include: $8.75 Direct materials per T-shirt Direct labor per T-shirt Variable overhead per T-shirt $1.75 $0.75 Total fixed factory overhead $43,000 Variable selling expense is the redemption of a coupon, which averages $1.25 per T-shirt; fixed selling and administrative expenses total $15,000. Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round ratio values to three decimal places (express the ratio as a decimal rather than a percentage). a. Variable product cost per unit 11.25 b. Total variable cost per unit 12.50 c. Contribution margin per unit $ 12.50 d. Contribution margin ratio 0.50 e. Total fixed expense for the year 58,000