Compute the contribution margin ratio and fixed costs using the following data. Sales $4,600 Variable costs $ 2,944 Income $ 540 Less: Sales Variable cost Contribution margin Numerator: Fixed Cost 1 Contribution Margin $ Contribution Margin Ratio Denominator: 1 4,600 2,944 = Contribution Margin Ratio Contribution margin ratio 0

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...
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Compute the contribution margin ratio and fixed costs using the following data.
Sales $4,600 Variable costs
$ 2,944 Income
$ 540
Less:
Sales
Variable cost
Contribution margin
Numerator:
Fixed Cost
1
Contribution Margin
$
Contribution Margin Ratio
Denominator:
1
4,600
2,944
=
Contribution Margin Ratio
Contribution margin ratio
0
Transcribed Image Text:Compute the contribution margin ratio and fixed costs using the following data. Sales $4,600 Variable costs $ 2,944 Income $ 540 Less: Sales Variable cost Contribution margin Numerator: Fixed Cost 1 Contribution Margin $ Contribution Margin Ratio Denominator: 1 4,600 2,944 = Contribution Margin Ratio Contribution margin ratio 0
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