Kelley Pants is a manufacturer of pants related clothing. It has a new line of pants coming out next month called "Skinnies" Each pair of "Skinnies" will be sold to distributors in a variety of colors and sizes for $345 per pair. The variable costs to produce each pair of "Skinnies" will be $262.20 per pair Requirements: (Round your answers to 2 decimal places.) 1. For Kelley Pants, calculate the contribution margin for each pair of "Skinnies" 2. For Kelley Pants, calculate the contribution margin ratio for this product (1) Compute the contribution margin per pair Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator Contribution Margin Ratio Contribution margin ratio 0 o Rt 00 9 search