Cost of materials $35 per unit, rent $50,000, selling price per unit $120, cost of labor per unit $24, salaries $210,000. Calculate the Labor Cost as a percentage of Sales Revenue.
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- Compute the contribution margin ratio and fixed costs using the following data. Sales $ 4,500 Variable costs $ 2,925 Income $ 550How much are Sales if Cost of Sales is $46,500, Cost of Labor is $33,247, the fixed costs are $65,883, and the profit is $2,129? Select one: a. $147,750 b. $158,759 c. $145,630 d. $147,759Consider the following information: Sales revenue: $12,000 Variable manufacturing expenses: $3,000 Variable marketing and admin. expenses: $1,000 Fixed manufacturing expenses: $1,500 Fixed marketing and admin. expenses: $500 Based on the above information, the contribution margin is: