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A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $355 per pair and cost $262.70 per pair

A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $355 per pair and cost $262.70 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: / Choose Denominator: = Contribution Margin Ratio
/ = Contribution margin ratio

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