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 $340

Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $340 per unit and cost $261.80 per unit in variable costs to make. Fixed costs total $61,500. (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 5,300 units are produced and sold Income Denominator: Contribution Margin Ratio Contribution margin ratio 0

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