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krek1111 [17]
3 years ago
8

Compute and interpret the contribution margin ratio using the following data:

Business
1 answer:
ziro4ka [17]3 years ago
5 0

Answer:

contribution margin ratio= 0.37

Explanation:

Giving the following information:

Sales= $4,700

Total variable cost= $2,961

To calculate the contribution margin ratio, we need to use the following formula:

contribution margin ratio= (sales - total variable cost) / sales

contribution margin ratio= (4,700 - 2,961) / 4,700

contribution margin ratio= 0.37

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