Question: Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,400 Variable costs $ 3,024 Income $ 440 Sales Contribution Margin

Compute the contribution margin ratio and fixed costs using the following

Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,400 Variable costs $ 3,024 Income $ 440 Sales Contribution Margin $ 5,400 3,024 $ 2,376 Less: Variable cost Contribution margin Contribution Margin Ratio Numerator: 1 Denominator: = Contribution Margin Ratio / Sales Contribution margin $ 2,376 Contribution margin ratio 44 % / $ 5,400 = Fixed Cost

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