Contribution Margin and Contribution Margin Ratio

eBook Sales Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): $29,800 Food and packaging $13,228 Payroll 20,600 Occupancy (rent, depreciation, etc). 9,872 General, selling and admin, expenses 6,100 Other expense 800 Total expenses (40,600) Operating Income loss $(800) Assume that the variable costs consist of food and packaging, payroll, and 10% of the boneral. Sellino, and administrative expenses, 3. What is McDonald's contribution margin Enter your answer in million rounded to one decimal place, s million 1. What is McDonald's contribution margin ratio? Round your percentage answer to one decimal place % How much would operating income increase iftame store sales increased by 2400 million for the coming year, with no change in the contribution margin ratio of fixed cost eBook General, selling, and admin. expenses 6,100 other expense 800 Total expenses (40,600) $(800) Operating income (loss) 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.