Compute the contribution margin ratio and fixed costs using the following data. Sales $5,000 Variable costs...

Transcribed Image Text:

Compute the contribution margin ratio and fixed costs using the following data. Sales $5,000 Variable costs $ 3,000 Income $ 400 Sales Answer is not complete. Contribution Margin Less: Variable cost Contribution margin Contribution Margin Ratio Numerator: Contribution margin 1 Sales Denominator: Contribution Margin Ratio Contribution margin ratio 0 Fixed Cost Compute the contribution margin ratio and fixed costs using the following data. Sales $5,000 Variable costs $ 3,000 Income $ 400 Sales Answer is not complete. Contribution Margin Less: Variable cost Contribution margin Contribution Margin Ratio Numerator: Contribution margin 1 Sales Denominator: Contribution Margin Ratio Contribution margin ratio 0 Fixed Cost