Question: What are the contribution margin and the contribution margin ratio for the company in Problem 2 if $53,000 of the overhead is considered variable overhead?

What are the and the ratio for the company in Problem 2 if $53,000 of the overhead is considered variable overhead?
In Problem 2 A construction company has total revenues of $1,150,000, total construction costs of $956,000, and general overhead costs of $159,000 for the year. Determine the company’s total profit for the year and the percentage of the construction revenues that became profits.

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