A recent income statement for Volkswagen reports the following (in millions). Assume 70 percent of the

Question:

A recent income statement for Volkswagen reports the following (in € millions). Assume 70 percent of the cost of sales and 70 percent of the selling and administrative costs are variable costs, and the remaining 30 percent of each is fixed. Compute the (in € millions). (Round computations using percentages to the nearest whole euro.)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €105,187
Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91,608
Selling and administrative expenses . . . . . . . . . . . 13,276

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...