Question: Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $350 per

Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $350 per unit and cost $262.50 per unit in variable costs to make. Fixed costs total $62,500. Note: Round your answers to 2 decimal places

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