Exercise 5 7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams Slams will sell for $290 per unit and cost $182 70 per unit in variable costs to make Fixed costs total $68,500 (Round your answers to 2 decimal places ) 1 Compute the contribution margin per unit Contribution margin 2 Compute the contribution margin ratio Numerator Denominator Contribution Margin Ratio Contribution margin ratio 3 Compute income if 6,700 units are produced and sold Income

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Question: Exercise 5-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per

Exercise 5-7 (Algo) Contribution margin LO A1

A jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per unit and cost $182.70 per unit in variable costs to make. Fixed costs total $68,500. (Round your answers to 2 decimal places.)

1. Compute the contribution margin per unit.


	Contribution margin
2. Compute the contribution margin ratio.
	Numerator:	/	Denominator:	=	Contribution Margin Ratio
		/		=	Contribution margin ratio

3. Compute income if 6,700 units are produced and sold
Income

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