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 books contained the following information.
Total Sales Revenue amounted to
$
Manufacturing costs Variable
$
Other costs nonmanufacturing, Variable
$
Manufacturing costs Fixed
$
Other costs nonmanufacturing, Fixed
$
Required: Work out the following assuming all situations below are independent of each other and showing all necessary calculationsworking out round final answers to decimal places, where applicable:
a AMLs contribution margin for the year
b AMLs contribution margin percentageCM Ratio for the year
c AMLs Gross margin for the year
d AMLs Gross Margin percentage or GM Ratio for the year
e AMLs Operating Profit for the year
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