Variable Costs, Contribution Margin, Contribution Margin Ratio: Super-Tees Company plans to sell 18,000 T-shirts at $24 each in the coming year. Product costs include: Direct materials per T-shirt Direct labor per T-shirt Variable overhead per T-shirt $8.40 $1.68 $0.72 $45,000 Total fixed factory overhead Variable selling expense is the redemption of a coupon, which averages $1.20 per T-shirt; fixed selling and administrative expenses total $11,000. 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 10.8 12 c. Contribution margin per unit 12 d. Contribution margin ratio e. Total fixed expense for the year 0.5 56,000 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 Sales Total variable expense Total 24 12 Per Unit