Homework Answers
| Ans. | Particulars | Amount | Amount |
| Revenue | $250,000 | ||
| Less: Variable costs: | |||
| Construction cost | $175,000 | ||
| Variable general overhead | $5,000 | ||
| Total variable cost | $180,000 | ||
| Contribution margin | $70,000 | ||
| Contribution margin ratio = Contribution margin / Revenue * 100 | |||
| $70,000 / $250,000 * 100 | |||
| 28.00% | |||
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