Swed Homework-9 Help Save & Exit Submit Check my work 2 Mini-Exercise 12-4 (Static) CVP analysis LO 8 11 Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30%, and fixed expense is $250,000 Required: book 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Hint Volume Total Ratio Per Unit $ 120.00 Revenue Variable expense Contribution margin Fixed expense Operating income 100% % 30 % ferences (250,000) 74.000 $ 2. How many additional unit soles would be necessary to achieve operating income of $110,000? Additional unitates units nc raw ill a atv