Variable costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 18,000 T-shirts at $15 each in the coming year. Product costs include: Direct materials per T-shirt $5.25 Direct labor per T-shirt $1.05 Variable overhead per T-shirt $0.45 Total foxed factory overhead $45,000 Variable selling expense is the redemption of a coupon, which averages $0.75 per T-shirt; fed selling and administrative expenses total $15,000. 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 ra as a decimai rather than a percentage). a. Variable product cost per unit b. Total variable cost per unit Contribution margin per unit d Contribution margin ratio e. Totalfixed expense for the year 5. Remember the interence between write rect content are content c. See Cornerstone 16.1. Price is a part of the calculation Next > Submit Anment for Grading ARCH DOO 80 * # 3 $ 4 % 5 & 7 Il + 6 8 9 0 TY T Y 0 P 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 Sales Total variable expense Total fixed expense Total fixed expense Operating income 3. What if the per un telling expense increased from $0.75 to $1.657 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) Variable product cost per unit Total variable cost per unit Contribution margin per unit d. Contribution margin ratio Total fed expense for the year