Exercise 5-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $300 per unit and cost $195.00 per unit in variable costs to make. Fixed costs total $67,500. (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 / Contribution margin ratio 3. Compute income if 6,500 units are produced and sold Income