Anthony Herrera recently fulfilled his longtime dream of opening a gym that offers spinning exercise classes for $ per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an afterworkout protein shake to each person participating in a class, at a cost of $ per person. Anthony employs four parttime instructors and pays them each $ per month. He also pays himself a monthly salary of $ Anthony's other monthly costs are $ for rent, $ for depreciation on his bikes, and $ in utilities and insurance.
a What is Anthony's contribution margin per unit? Round answer to decimal places, eg
Contribution margin
$ per unit
b What is Anthony's contribution margin ratio? Round answer to decimal places, eg
Contribution margin ratio
c Prepare Anthony's monthly contribution format income statement. Assume that he teaches clients. Round per unit values to decimal places, eg and all other answers to decimal places, es
Per Unit
