Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.77 per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $2.62 per person. Anthony employs three part-time instructors and pays them each $1,498 per month. He also pays himself a monthly salary of $4,306. Anthonys other monthly costs are $1,634 for rent, $1,424 for depreciation on his 34 bikes, and $1,956 in utilities and insurance. (a) What is Anthonys contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin $Enter contribution margin in dollars per unit 3.15 per unit (b) What is Anthonys contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio Enter contribution margin ratio in percentages 54.59 % (c) Prepare Anthonys monthly contribution format income statement. Assume that he teaches 5,423 clients. (Round per unit values to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.)

Question 5 --/1 View Policies Current Attempt in Progress Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.77 per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $2.62 per person. Anthony employs three part-time instructors and pays them each $1,498 per month. He also pays himself a monthly salary of $4,306. Anthony's other monthly costs are $1,634 for rent, $1,424 for depreciation on his 34 bikes, and $1,956 in utilities and insurance. (a) What is Anthony's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin $ 3.15 per unit (b) What is Anthony's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio 54.59 % (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,423 clients. (Round per unit values to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) Unit $ $ $