M$5-19($Algo$)$ Calculating Unit Contribution Margin and Contribution Margin Ratio $[$LO $5-5]$

Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $$5\mathrm{.}00,$ and each clock sells for $$14\mathrm{.}00.$

Required:

Calculate Red Hawk's unit contribution margin.

Calculate Red Hawk's contribution margin ratio.

Suppose Red Hawk sells $2,200$ clocks this year. Calculate the total contribution margin.

Complete this question by entering your answers in the tabs below.

Calculate Red Hawk's unit contribution margin.

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

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