Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 13,000 T-shirts at $20 each in the coming year. Product costs include: Direct materials per T-shirt $7.00 Direct labor per T-shirt $1.40 Variable overhead per T-shirt $0.60 Total fixed factory overhead $44,000 Variable selling expense is the redemption of a coupon, which averages $1.00 per T- shirt; fixed selling and administrative expenses total $19,000. 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). $ a. Variable product cost per unit b. Total variable cost per unit $ C. Contribution margin per unit $ d. Contribution margin ratio e. Total fixed expense for the year $ 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 00 3. What if the per unit selling expense increased from $1.00 to $2.15? 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 b. Total variable cost per unit C. Contribution margin per unit $ $ d. Contribution margin ratio e. Total fixed expense for the year