Raiden runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is $500. Raiden spends $1.00 on each hot dog sold, including bun and condiments. She sells each hot dog for $2.00. 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. Predict operating income for a month in which Raiden sells 1,600 hot dogs. 1. What is the contribution margin per unit? First identify the formula, then compute the contribution margin per unit. (Enter amounts to two decimal places.) = Contribution margin per unit - What is the contribution margin per unit? irst identify the formula, then compute the contribution margin per unit. (Enter amounts to two decimal places.) | = Contribution margin per unit Fixed cost per unit Sales price per unit Variable cost per unit