Exercise $21-7($Algo$)$ Contribution margin LO A$1$

A jeans maker is designing a new line of jeans called Slams. Slams will sell for $$305$ per unit and cost $$201\mathrm{.}30$ per unit in variable costs to make. Fixed costs total $$67,000.$

Note: Round your answers to $2$ decimal places.

$2.$ Compute the contribution margin ratio.

$\backslash$table$[[$Numerator:$,$I,Denominator:,Contribution Margin Ratio$],[,-1,=,$Contribution margin ratio$]]$

Compute income if $6,400$ units are produced and sold

Income