Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $315 per unit and cost $214.20 per unit in variable costs to make. Fixed costs total $66,000. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 1 Denominator: Contribution Margin Ratio 1 = Contribution margin ratio 0 3. Compute income if 6,200 units are produced and sold Income Exercise 21-9 (Algo) Contribution margin and break-even LO P2 Sunn Company manufactures a single product that sells for $150 per unit and whose variable costs are $120 per unit. The company's annual fixed costs are $471,000. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio = 0 (c) Compute the company's break-even point in units. Numerator: Denominator: = Break-Even Units Break-even units (d) Compute the company's break-even point in dollars of sales. Numerator: Denominator: = Break-Even Dollars Break-even dollars