Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will s

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Exercise 21 7 Algo Contribution Margin Lo A1 A Jeans Maker Is Designing A New Line Of Jeans Called Slams Slams Will S 1 (29.14 KiB) Viewed 89 times

Exercise 21-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $340 per unit and cost $261.80 per unit in variable costs to make. Fixed costs total $61,500. (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 5,300 units are produced and sold Income