Homework Answers
| Contribution margin | ||||||||||||
| Sales | $ 4,400 | |||||||||||
| Less: | Variable costs | $ 2,904 | ||||||||||
| Contribution Margin | $ 1,496 | |||||||||||
| Contribution margin ratio | ||||||||||||
| Choose Numerator: | / | Choose denominator: | = | Contribution Margin ratio | ||||||||
| Contribution Margin | / | Sales | = | Contribution Margin ratio | ||||||||
| $ 1,496 | / | $ 4,400 | = | 0.34 | to 1 | |||||||
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