Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,300 Variable costs $ 3,021 Income $ 430 Contribution Margin 28 Contribution margin Contribution Margin Ratio Numerator: Denominator: = Contribution Margin Ratio 1 = Contribution margin ratio Fixed Cost 0
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Contribution Margin = Sales - Variable Costs Contribution Margin = $5,300 - $3,021 Contribution Margin = $2,279 Show more…
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