Contribution Margin Molly Company sells 40,000 units at $16 per unit. Variable costs are $9.92 per unit, and fixed costs are $119,200. Determine (a) the contribution margin ratio, (b) the unit...

Extracted text: Contribution Margin Molly Company sells 40,000 units at $16 per unit. Variable costs are $9.92 per unit, and fixed costs are $119,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations