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William Brown recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $10 per person, To differentiate his gym and better serve his clients, William provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $1.79 per person. William employs four part-time instructors and pays them each $1,400 per month. He also pays himself a monthly salary of $5,900. William's other monthly costs are $1,900 for rent, $1,450 for depreciation on his 32 bikes, and $1.500 in utilities and insurance. (a) What is William's contribution margin per unit? (Round answer to 2 decimal places, es. 52.75.) Contribution margin $ per unit (b) What is William's contribution margin ratio? (Round answer to 2 decimal places, es. 52.75.) Contribution marsin ratio (c) Prepare William's monthly contribution format income statement Assume that he teaches 4,400 clients. (Round per unit volues to 2 . decimal places, es. 5275 and all other answers to O decimal places, es. 1.234). (c) Prepare William's monthly contribution format income statement. Assume that he teaches 4,400 clients. (Round per unit values to 2 decimal ploces, eg. 52.75 and all other answers to 0 decimal ploces, es. 1.234.1 Question 4 of 6 $ $ /1 eTextbook and Media Save for Later Attempts: 0 of 2 used