Answer:
Step-by-step explanation:
All you have to do is multiply 35 by 8 to get 280.
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Anwser: 28 :) 35 DEVIDED BY 5 IS 7 AND 7 X 4 IS 28
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)
