QS 21-5 Contribution margin ratio LO A1 Compute and interpret the contribution margin ratio using the following data: sales, $5,300; total variable cost, $3,021. Contribution margin Contribution margin Contribution margin ratio Choose Numerator: Choose Choose Numerator: Denominator: Contribution margin ratio Contribution margin ratio Exercise 21-8 Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $290 per pair and cost $182.70 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: 1 Choose Denominator: Contribution Margin Ratio Contribution margin ratio Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $90 per unit. The company's annual fixed costs are $432,000. Management targets an annual pretax income of $750,000. Assume that fixed costs remain at $432,000. (1) Compute the unit sales to earn the target income. Choose Numerator: Choose Denominator: = Units to Achieve Target Units to achieve target (2) Compute the dollar sales to earn the target income. Choose Numerator: Choose Denominator: = = Dollars to Achieve Target Dollars to achieve target