Question: X Company expects to produce and sell 69,500 units of its only product next year, and revenue is expected to be $2,296,280. The following are budgeted costs for next year:
Direct materials 295,375
Direct labor [all variable] 287,730
Variable overhead 278,000
Fixed overhead 195,295
Variable selling and administrative 373,215
Fixed selling and administrative 208,500
What is X Company's budgeted contribution margin per unit for next year [round unit numbers to the nearest cent]?