Question 1 of 3 -11 ITI Current Attempt in Progress Daniel Jackson 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, Daniel provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $1.86 per person. Daniel employs four part-time instructors and pats them each $2,100 per month. He also pays himself a monthly salary of $6,600. Daniel's other monthly costs are $2,600 for rent. $1,800 for depreciation on his 32 bikes, and $1.675 in utilities and insurance. (a) What is Daniel's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin per unit (b) What is Daniel's contribution margin ratio? (Round answer to 2 decimal places, eg. 52,75) Contribution margin ratio % (c) Prepare Daniel's monthly contribution format income statement. Assume that he teaches 5,100 clients. (Round per unit values to 2 decimal places, s. 52.75 and all other answers to decimal places, es. 1,234) Question 1 of 3 -/1 E Per Unit $ Ulities & Insurance Expense Instructor salaries Expense Contribution Margin Sales Revenue Total Fixed Expenses Management Salary Expense Fixed Expenses Operating Income Rent Expense Depreciation Expense Variable Expenses $ $