Exercise $5-7($Algo$)$ Contribution margin LO A$1$

A jeans maker is designing a new line of jeans called Slams. Slams will sell for $$340$ per unit and cost $$261\mathrm{.}80$ per unit in variable costs to make. Fixed costs total $$61,500.$

Note: Round your answers to $2$ decimal places.

Compute the contribution margin per unit.

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Compute the contribution margin ratio.

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Compute income if $5,300$ units are produced and sold

Income