Variable cost contribution margin contribution margin ratio

Variable Costs, Contribution Margin, Contribution Margin Ratio SupereTees Company plans to sell 18,000 T-shirts at $22 each in the coming year. Product costs include: Direct materials per T-shirt $7.70 Direct labor per Tshlrt $1.54 Variable overhead per T-shirt $0.66 Total xed factory overhead $39,000 Variable selling expense is the redemption of a coupon, which averages $1.10 per T-shirt; fixed selling and administrative expenses total $11,000. 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 s b. Total variable cost per unit $ c. Contribution margin per unit $ d. Contribution margin ratio e. Total fixed expense for the year $ 2. Prepare a contributionmargln-based income statement for Super-Tees Company for the coming year. If required, round your per unit answers to the nearest cent. Super-Tees Company Contribution-Margin-Based Operating Income Statement For the Coming Year 'DG 'QQ 'DQ 'Q 'Q 3. What If the per unit selling expense Increased from $1.10 to $2.35? Calculate new values for the following: Round dollar amounts to the nearest cent and round ratio values to four decimal places (express the ratio as a decimal rather than a percentage): a. Variable product cost per unit $l b. Total variable cost per unit 5: cl Contribution margin per unit $l d. Contribution margin ratio : e. Total fixed expense for the year $l