True if u have high or very low outlier in your data set it is generally preferred to use the median
In an internal operating income statement, the form is as such:
(1) Sales (or Revenue) - Total Variable Costs = Contribution Margin;
(2) Contribution Margin - Total Fixed Costs = Operating Income
and
(3) Contribution Margin Ratio = Contribution Margin/Sales
The first equation helps us out. Sales is the whole amount for this statement, or 100%. We know variable costs are 62% and the rest goes to the Cont. Margin.
100% - 68% = 32% (choice A)
2 ounces
using the conversion
1 pound = 16 ounces ⇒ 
= 8 ounces
Divide 8 by 4 to calculate amount for each cone
amount = 8 ÷ 4 = 2 ounces
