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Question 3 View Policies Current Attempt in Progress Anthony Herrera recently fulfilled his long time dream of openinga gym that offers spinning exercise classes for
Question 3 View Policies Current Attempt in Progress Anthony Herrera recently fulfilled his long time dream of openinga gym that offers spinning exercise classes for $5.85 per person to differentiate his gym and better serveis clients, Anthony provides a towel, a bottle of water, and an after workout protein shake to each person participating in a class, at a cost of $1.78 per person. Anthony employs three part-time instructors and pays them each $1,266 per month. He also pays himself a monthly salary of $4,078. Anthony's other monthly costs are $1,628 for rent $1,302 for depreciation on his 24 bikes, and $1.826 inutilities and insurance (a) What is Anthony's contribution margin per unit? (Round answer to 2 decimal places, eg 52.75.) Contribution margin $ per unit (b) What is Anthony's contribution margin ratio? (Round answer to 2 decimal places, eg. 52.75.) Contribution margin ratio (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,270 clients. (Round per unit values to 2 decimal places, s. 52.75 and all other answers to O decimal places, eg 5,275) Unit
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