Preston Company manufactures and sells a single product. The company's sales are $123,000 with a 24% contribution margin. The variable expenses are $61,500, also 12% of sales. The fixed expenses are $12,300. The operating income is $49,200.
Total Per Unit %
Sales $123,000 $24
Variable expenses $61,500 12%
Contribution margin $61,500 12%
Fixed expenses $12,300
Operating income $49,200
Now fill in the missing numbers in the table. (Enter the percentages as whole numbers.)
Total Per Unit %
Sales $123,000 $24
Variable expenses $61,500 12%
Contribution margin $61,500 12%
Fixed expenses $12,300
Operating income $49,200