Exercise 05-8 Contribution margin LO A1 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: 1 Choose Denominator: Contribution Margin Ratio Contribution margin ratio