Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit Schylar Pharmaceuticals, Inc., plan

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Contribution Margin Ratio, Break-Even Sales Revenue, Sales
Revenue for Target Profit Schylar Pharmaceuticals, Inc., plans to
sell 120,000 units of antibiotic at an average price of $25 each in
the coming year. Total variable costs equal $1,020,000. Total fixed
costs equal $7,300,000. Required: 1. What is the contribution
margin per unit? Round your answer to the nearest cent. $fill in
the blank 1 What is the contribution margin ratio? Round your
answer to two decimal places. (Express as a decimal-based answer
rather than a whole percent amount.) fill in the blank 2 2.
Calculate the sales revenue needed to break even. Round your answer
to the nearest dollar. $fill in the blank 3 3. Calculate the sales
revenue needed to achieve a target profit of $250,000. Round your
answer to the nearest dollar. $fill in the blank 4 4. What if the
average price per unit increased to $26.50? Recalculate the
following: a. Contribution margin per unit. Round your answer to
the nearest cent. $fill in the blank 5 b. Contribution margin
ratio. Enter your answer as a decimal value (not a percentage),
rounded to four decimal places. fill in the blank 6 c. Sales
revenue needed to break even. In your computations, use your
rounded answer from part (4-b) above for the contribution margin
ratio, and round your final answer to the nearest dollar. $fill in
the blank 7 d. Sales revenue needed to achieve a target profit of
$250,000. In your computations, use your rounded answer from part
(4-b) above for the contribution margin ratio, and round your final
answer to the nearest dollar. $fill in the blank 8