Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 20,000 T-shirts at $22 each in the coming year. Product costs include: $7.70 $1.54 Direct materials per T-shirt Direct labor per T-shirt Variable overhead per T-shirt Total fixed factory overhead $0.66 $36,000 Variable selling expense is the redemption of a coupon, which averages $1.10 per T-shirt; fixed selling and administrative expenses total $13,000. 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 9.9 b. Total variable cost per unit $1 11 C. Contribution margin per unit 11 d. Contribution margin ratio 0.5 e. Total fixed expense for the year 49,000 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 Total Per Unit Sales 440,000 22 Total variable expense 220,000 11 Total contribution margin 220,000 11 Total fixed expense 49,000 Operating income 171,000 3. What if the per unit selling expense increased from $1.10 to $2.35? 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 9.9 b. Total variable cost per unit 12.25 C. Contribution margin per unit 9.75 d. Contribution margin ratio e. Total fixed expense for the year 49,000