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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

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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, 68.52.75.) Contribution margin $ 3.15 per unit (b) What is Anthony's contribution margin ratio? (Round answer to 2 decimal places, es 52.75.) Contribution margin ratio (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,423 clients. (Round per unit values to 2 decimal places, 68, 52.75 and all other answers to decimal places . 5.275.) Unit comycourses 36024/assignments/3780946 (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,423 clients. (Round per unit values to 2 decimal places, c.8. 52.75 and all other answers to decimal places, eg. 5,275.) Unit Unit wyplus.com/courses/36024/assignments/3780946 e Textbook and Media Save for Later Attempts: 4 of 12 used Submit Answer MacBook Pro

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