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A jeans maker is designing a new line of jeans called Slams. Slams will sell for $285 per unit and cost $176.70 per unit in
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $285 per unit and cost $176.70 per unit in variable costs to make. Fixed costs total $69,000. (Round your answers to 2 decimal places.)
1. Compute the contribution margin per unit. \begin{tabular}{|c|c|c|} \hline & & \\ \hline & & \\ \hline & Contribution margin & \\ \hline \end{tabular} 2. Compute the contribution margin ratio. \begin{tabular}{|l|l|l|l|l|c|} \hline Numerator: & 1 & Denominator: & = & Contribution Margin Ratio \\ \hline & & 1 & = & Contribution margin ratio \\ \hline \end{tabular} 3. Compute income if 6,800 units are produced and sold Income
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