A recent income statement for Volkswagen reports the following in
A recent income statement for Volkswagen reports the following (in € millions). Assume 75 percent of the cost of sales and 75 percent of the selling and administrative costs are variable costs, and the remaining 25 percent of each is fixed. Compute the contribution margin (in € millions). (Round computations using percentages to the nearest whole euro.)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . € 126,875
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . 105,431
Selling and administrative expenses . . . . . . . . 15,500

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