FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,900 Variable costs $ 3,009 Income $ 490 Less: Sales Variable cost Contribution margin Numerator: Contribution margin $ Fixed Cost 5,900 3,009 $ 2,891 Contribution Margin Ratio Denominator: 1 Contribution Margin $ /Sales $ $ 2,891 / 5,900 490 = 11 Contribution Margin Ratio Contribution margin ratio 49 %
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Transcribed Image Text:Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,900 Variable costs $ 3,009 Income $ 490 Less: Sales Variable cost Contribution margin Numerator: Contribution margin $ Fixed Cost 5,900 3,009 $ 2,891 Contribution Margin Ratio Denominator: 1 Contribution Margin $ /Sales $ $ 2,891 / 5,900 490 = 11 Contribution Margin Ratio Contribution margin ratio 49 %
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