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 $310

Exercise 5-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $310 per unit and cost $207.70 per unit in variable costs to make. Fixed costs total $66,500. Note: Round your answers to 2 decimal places. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: I Denominator: I 3. Compute income if 6,300 units are produced and sold Income II II Contribution Margin Ratio Contribution margin ratio 0

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