Exercise 5-7 (Algo) Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slams Slams will sell for $350 per unit and cost $262.50 per unit in variable costs to make. Fixed costs total $62.500. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 3. Compute income if 5,500 units are produced and sold Income Denominator: Contribution Margin Ratio Contribution margin ratio