Question 7 The Fancy Jeans brand is sold at $80 per pair, and the unit variable cost is $30. Which of the following statements is correct? O $50 of every Fancy Jean is available to meet fixed costs and profit objective: Fancy Jean has a unit contribution of $50. Fancy Jean has a percentage contribution of 62.50%. 62.50 cents of every sales dollar is available to meet fixed costs and profit objective All the other 4 answers are correct