Per Unit Designer Moderately Priced Average Sales Price $78 $33 Average Variable costs $30 $9 Average Contribution Margin $48 $24 Average Allocated Fixed Costs $15 $2 Average Operating Income $33 $22 Jazmine's Knitting store in East Plattsburgh has 1,040 square feet of floor space. If moderately priced items were emphasized, they could display 140 items. If designer items were emphasized, only 80 items could be displayed. These numbers are also average monthly sales for these items. (Round your answers to two decimal places when needed and use rounded answers for all future calculations) 1. Calculate the Contribution Margin per machine hour. = Items per square foot of floor space Type of Apparel # of items / Floor Space Designer Moderately Priced 11 1. Calculate the Contribution Margin per machine hour. Type of Apparel # of items / Floor Space = Items per square foot of floor space Designer Moderately Priced 2. Designer Moderately Priced Contribution Margin per item Items per square foot of floor space Total contribution margin per square foot of floor space 3. Which type should be emphasized? Select an answer 4. What will the company's operating income be? Jazmine's Knitting Contribution margin per square foot Amount of floor space available Total Contribution Margin Fixed Costs Operating Income