Exercise 5-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams. Slams will sell for $365 per unit and cost $262.80 per unit in variable costs to make. Fixed costs total $64,000. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Sales Variable cost Contribution margin 2. Compute the contribution margin ratio. Numerator: Contribution margin per unit Denominator: Contribution Margin Ratio Contribution margin ratio 0 3. Compute income if 5,800 units are produced and sold Income