Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 15,000 T-shirts at $18 each in the coming year, Product costs include: Variable selling expense is the redemption of a coupon, which averages $0.90 per T-shirt; fixed selling and administrative expenses total $17,000. 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). Feedtanch T Check My Work a, Variable cost = direct materials + direct labor + variable overhead b. Total variable cost = Variable cost + Variable selling expenses c. Contribution margin = Price - total variable cost d. Contribution Margin ratio is Contribution Margin divided by seiling price. e. Include fixed costs for the entire company. 2. Prepare a contribution-margin-based income statement for Super-Tees Company for the coming year, If required, round your per unit answers to the nearest cent. Fesdrack F Chest is wien Remember a contribution margin income statement caloulates contributionimargin not gross prefit. 3. What if the per unit selling expense increased from $0.90 te $1.95 ? Calculate new valus for the following