Use the below information to answer the following NINE questions (numbered 5 through 13).

This information is extracted from the financial records of Olin Company for last year.

5. What is the unit contribution margin?

a-$100 per unit

b-$250 per unit

c-$350 per unit

d-$600 per unit

6. What is the contribution margin ratio?

a-25%

b-33.33%

c-50%

d-75%

7. What is the net operating income for last year?

a-$800,000

b-$1,000,000

c-$1,800,000

d-$7,200,000

8. What is the break-even point in unit sales?

a-5,000 units

b-8,000 units

c-10,000 units

d-18,000 units

9. What is the break-even point in dollar sales?

a-$1,000,000

b-$1,800,000

c-$3,200,000

d-$7,200,000

Item: Number of Units Sold Unit Selling Price Variable Expenses per Unit Fixed Expenses Level of Activity / Amount 18,000 units $400 per unit $300 per unit $800,000