Question: Compute the contribution margin ratio and fixed costs using the following data. Sales $ 4,700 Variable costs $ 2,961 Income $ 530 Contribution Margin Sales

Compute the contribution margin ratio and fixed costs using the following

Compute the contribution margin ratio and fixed costs using the following data. Sales $ 4,700 Variable costs $ 2,961 Income $ 530 Contribution Margin Sales 4.700 Variable cost 2.961 Contribution margin 1,739 Contribution Margin Ratio Numerator: Denominator: Contribution Margin Ratio Sales Contribution margin $ Contribution margin ratio 37 % 1,739 4.700 Fixed Cost

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