Sport Ready produces sports socks. The company has fixed expenses of $8 Read the reguirements Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by identifying the formula to compute the contribution margin per package Then compute the contribution margin per package. (Enter the amount to the nearest cent.) 0,000 and variable expenses of S0.80 per package. Each package sells for $1.60 Contribution margin per unit The contribution margin per package is $ Compute the contribution margin ratio. (Enter the ratio as a whole percent) Begin by identifying the formula to compute the contribution margin ratio Contribution margin ratio The contribution margin ratio is