Ten Toes produces sports socks. The company has foved expenses of $85,000 and variable expenses of $0.85 per package. Each package sells for $1.70 Read the requirements 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 por package (Enter the amount to the nearest cont.) Sales prion per unit Variable cost per unit Contribution margin perunt The contribution margin per package in Compute the contribution margin roto, Enter the ratio as a whole percent) Begin by identifying the formula to compute the contribution margin ratio Total variable con Contribution margin ratio