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Contribution Margin Ratio, Break$-$Even Sales Revenue, Sales Revenue for Target Profit

Schylar Pharmaceuticals, Inc., plans to sell $145,000$ units of antibiotic at an average price of $$15$ each in the coming year. Total variable costs equal $$826,500.$ Total fixed costs equal $$7,700,000.$

Required:

$1.$ What is the contribution margin per unit? Round your answer to the nearest cent.

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Schylar Pharmaceuticals, Inc., plans to sell $145,000$ units of antibiotic at an average price of $\backslash (\backslash$$ $15\backslash )$ each in the coming year. Total variable costs equal $\backslash (\backslash$$ $826,500\backslash ).$ Total fixed costs equal $\backslash (\backslash$$ $7,700,000\backslash ).$

Required:

$1.$ What is the contribution margin per unit? Round your answer to the nearest cent.

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What is the contribution margin ratio? Round your answer to two decimal places. $($Express as a decimal$-$based answer rather than a whole percent amount.$)$

$2.$ Calculate the sales revenue needed to break even. Round your answer to the nearest dollar.

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$3.$ Calculate the sales revenue needed to achieve a target profit of $\backslash (\backslash$$ $215,000\backslash ).$ Round your answer to the nearest dollar.

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$4.$ What if the average price per unit increased to $\backslash (\backslash$$ $16\mathrm{.}50\backslash )?$ Recalculate the following:

a$.$ Contribution margin per unit. Round your answer to the nearest cent.

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b$.$ Contribution margin ratio. Enter your answer as a decimal value $($not a percentage$),$ rounded to four decimal places. $4.$ What if the average price per unit increased to $\backslash (\backslash$$ $16\mathrm{.}50\backslash )?$ Recalculate the following:

a$.$ Contribution margin per unit. Round your answer to the nearest cent.

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b$.$ Contribution margin ratio. Enter your answer as a decimal value $($not a percentage$),$ rounded to four decimal places.

c$.$ Sales revenue needed to break even. In your computations, use your rounded answer from part $(4-$b$)$ above for the contribution margin ratio, and round your final answer to the nearest dollar.

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d$.$ Sales revenue needed to achieve a target profit of $\backslash (\backslash$$ $215,000\backslash ).$ In your computations, use your rounded answer from part $(4-$b$)$ above for the contribution margin ratio, and round your final answer to the nearest dollar.

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