TotalTotalVariableFixedSalescostcostJuly58,00011,60050,000August54,00010,80050,000September62,50012,50050,000October65,00013,00050,000November76,00015,20050,000December70,00014,00050,000What is contribution margin in percentage?

Contribution margin = Sales - Variable costs Contribution margin ratio = Contribution margin /…

Answered: Total Total Variable Fixed Sales cost…

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter20: Variable Costing For Management Analysis

Section: Chapter Questions

Problem 20.10EX

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Total Total Variable Fixed Sales cost cost July 58,000 11,600 50,000 August 54,000 10,800 50,000 September 62,500 12,500 50,000 October 65,000 13,000 50,000 November 76,000 15,200 50,000 December 70,000 14,000 50,000 What is contribution margin in percentage?