Question: Exercise 18-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per

Exercise 18-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per unit and cost $182.70 per unit in variable costs to make. Fixed costs total $68,500. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 3. Compute income if 6,700 units are produced and sold Income Denominator: Contribution Margin Ratio = Contribution margin ratio

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