Current Attempt in Progress

Novak has determined the contribution margin ratio of a product to be $60\%.$ Its selling price is $$70,$ while its costs consist of two

variable costs and one fixed cost. The sole fixed cost is a selling and administrative cost. The variable selling and administrative cost is

$$4\mathrm{.}20/$unit$.$

What is the tariable manufacturing cost per unit? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Variable manufacturing cost

$

per unit

What is the gross margin of one unit of this product if there are no fixed manufacturing costs? $($Round answer to $2$ decimal places, e$.$g$.$

$15\mathrm{.}25.)$

Gross margin

$

per unit

What is the gross margin percentage for this product?

Gross margin

$\%$