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A jeans maker is designing a new line of jeans called Slams. Slams will sell for $375 per unit and cost $262.50 per unit in
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $375 per unit and cost $262.50 per unit in variable costs to make. Fixed costs total $65,000. (Round your answers to 2 decimal places.)
\begin{tabular}{|l|l|} \hline 1. Compute the contribution margin per unit. \\ \hline & Contribution margin \\ \hline \end{tabular} 2. Compute the contribution margin ratio. \begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Numerator: } & 1 & Denominator: & Contribution Margin Ratio \\ \hline & & & & & \\ \hline \end{tabular}Step by Step Solution
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