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)
X=7 and y=4 are the correct equations
Answer:
5
Step-by-step explanation:
40% means 40 parts out of 100. If we have made the numerator of the fraction 2, we have divided 40 by 20. To make this fraction equal to 40/100, we have to divide 100 by 20 as well, giving us 5.
