Question

Hanks Helpers provides locksmith services. One type of service call is to evaluate private residences for security concerns* Data Table $ Service Revenue Variable Costs 150 per service call 60 per service call 17,000 per month Fixed Costs Print PriSelect the formula labels needed to compute the contribution margin. Then, complete the table to calculate the contribution m

Let me know if I did it right. Thanks

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Answer #1

Yes. Everything is perfect.

Per call 200 calls
Sales revenue 150 30000
Less: Variable cost 60 12000
Contribution margin 90 18000

Contribution margin = Contribution margin / Sales revenue

= 90 / 150

= 60%

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