Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 12,000 T-shirts at $16 each in the coming year. Product costs include: Variable selling expense is the redemption of a coupon, which averages $0.80 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. Feedback Check My Work 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. Feedback Check My Work 3. What if the per unit selling expense increased from $0.80 to $1.75 ? Calculate new values for the following: Round dollar amounts to the nearest cent and round ratio values to four decimal places