Question: The Armidale Manufacturing Ltd ( AML ) 2 0 2 3 books contained the following information. Total Sales Revenue amounted to $ 2 4 ,

The Armidale Manufacturing Ltd (AML)2023 books contained the following information.
Total Sales Revenue amounted to
$24,747
Manufacturing costs (Variable)
$11,191
Other costs (non-manufacturing, Variable)
$9,019
Manufacturing costs (Fixed)
$1,839
Other costs (non-manufacturing, Fixed)
$2,741
Required: Work out the following assuming all situations below are independent of each other and showing all necessary calculations/working out (round final answers to 2 decimal places, where applicable):
a. AMLs contribution margin for the year 2023.
b. AMLs contribution margin percentage/CM Ratio for the year 2023.
c. AMLs Gross margin for the year 2023.
d. AMLs Gross Margin percentage (or GM Ratio) for the year 2023.
e. AMLs Operating Profit for the year 2023.

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