Question: Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,000 Variable costs $ 3,000 Income $ 400 Contribution Margin Contribution

Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,000 Variable costs $ 3,000 Income $ 400 Contribution Margin Contribution margin Contribution Margin Ratio Numerator: / Denominator: = Contribution Margin Ratio / = Contribution margin ratio 0 Fixed Cost

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