Variable Costs, Contribution Margin, Contribution Margin Ratio

Super$-$Tees Company plans to sell $15,000$ T$-$shirts at $$24$ each in the coming year. Product costs include:

Direct materials per T$-$shirt $$8\mathrm{.}40$

Direct labor per T$-$shirt $$1\mathrm{.}68$

Variable overhead per T$-$shirt $$0\mathrm{.}72$

Total fixed factory overhead $$36,000$

Variable selling expense is the redemption of a coupon, which averages $$1\mathrm{.}20$ per T$-$shirt; fixed selling and administrative expenses total $$18,000.$

Required:

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$1.$ 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 $fill in the blank $298328$f$46$ffafa$3\_1$

b$.$ Total variable cost per unit $fill in the blank $298328$f$46$ffafa$3\_2$

c$.$ Contribution margin per unit $fill in the blank $298328$f$46$ffafa$3\_3$

d$.$ Contribution margin ratio fill in the blank $298328$f$46$ffafa$3\_4$

e$.$ Total fixed expense for the year $fill in the blank $298328$f$46$ffafa$3\_5$

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$2.$ 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.

Super$-$Tees Company

Contribution$-$Margin$-$Based Operating Income Statement

For the Coming Year

Total Per Unit

$$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$-$ Select $-$

$$-$ Select $-$

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$3.$ What if the per unit selling expense increased from $$1\mathrm{.}20$ to $$2\mathrm{.}55?$ 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 $fill in the blank $62$a$086$fdd$045076\_1$

b$.$ Total variable cost per unit $fill in the blank $62$a$086$fdd$045076\_2$

c$.$ Contribution margin per unit $fill in the blank $62$a$086$fdd$045076\_3$

d$.$ Contribution margin ratio fill in the blank $62$a$086$fdd$045076\_4$

e$.$ Total fixed expense for the year $fill in the blank $62$a$086$fdd$045076\_5$