Current Attempt in Progress John Johnson recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $ 10 per person. To differentiate his gym and better serve his clients, John provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $ 1.76 per person. John employs four part-time instructors and pays them each $ 1,100 per month. He also pays himself a monthly salary of $ 5,600. John's other monthly costs are $ 1,600 for rent, $ 1,300 for depreciation on his 30 bikes, and $ 1,425 in utilities and insurance. (a) What is John's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin per unit (b) What is John's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio % Per Unit $ $ Fixed Expenses Management Salary Expense Depreciation Expense Rent Expense Operating Income Utilities & Insurance Expense Sales Revenue Instructor Salaries Expense Contribution Margin Variable Expenses Total Fixed Expenses $ $ $ Operating Income Utilities & Insurance Expense Contribution Margin Depreciation Expense Sales Revenue Fixed Expenses Variable Expenses Rent Expense Instructor Salaries Expense Management Salary Expense Total Fixed Expenses $ e Textbook and Media Current Attempt in Progress John Johnson recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $ 10 per person. To differentiate his gym and better serve his clients, John provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $ 1.76 per person. John employs four part-time instructors and pays them each $ 1,100 per month. He also pays himself a monthly salary of $ 5,600. John's other monthly costs are $ 1,600 for rent, $ 1,300 for depreciation on his 30 bikes, and $ 1,425 in utilities and insurance. (a) What is John's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin per unit (b) What is John's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio % Per Unit $ $ Fixed Expenses Management Salary Expense Depreciation Expense Rent Expense Operating Income Utilities & Insurance Expense Sales Revenue Instructor Salaries Expense Contribution Margin Variable Expenses Total Fixed Expenses $ $ $ Operating Income Utilities & Insurance Expense Contribution Margin Depreciation Expense Sales Revenue Fixed Expenses Variable Expenses Rent Expense Instructor Salaries Expense Management Salary Expense Total Fixed Expenses $ e Textbook and Media