Question: Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $32,800 $8,652 Food


Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $32,800 $8,652 Food and packaging Payroll 8,700 Occupancy (rent, depreciation, etc.) 10,448 General, selling, and admin. expenses 5,000 Other expense 660 Total expenses (33,460) Operating income (loss) $(660) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in million, rounded to one decimal place. million b. What is McDonald's contribution margin ratio? Round your percentage answer to one decimal place
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