Exercise 19-21 (Static) Contribution margin ratio by product line LO A1 Pro Bike manufactures and sells two types of bikes: road bikes and mountain bikes. The company sold 600 units of each type of bike during the year. Per unit Sales price Variable cost of goods sold Variable selling and administrative expenses Road bikes $1,200 840 60 a. Compute contribution margin (in dollars) for each product. b. Compute contribution margin ratio for each product. Which product has the better contribution margin ratio? Complete this question by entering your answers in the tabs below. Required A Required B Compute total contribution margin (in dollars) for each product. Road bikes Mountain bikes F Mountain bikes $ 800 480 64 Next

Exercise 1921 (Static) Contribution margin ratio by product line LO A1 Pro Bike manufactures and sells two types of bikes: road bikes and mountain bikes. The company sold 600 units of each type of bike during the yeat: a. Compute contribution margin (in dollars) for each product. b. Compute contribution margin ratio for each product. Which product has the better contribution margin ratio? Complete this question by entering your answers in the tabs below. Compute total contribution margin (in dollars) for each product