Homework Answers
ANSWER:
| Case | Revenue | Variable costs | Fixed costs | Total costs | Operating income | Contribution margin percentage |
|---|---|---|---|---|---|---|
| a. | $2100 | $500 | $400 | $900 | $1200 | 76% |
Fixed costs = total costs - variable costs
= $900 - $500 = $400
Contribution margin = fixed costs + operating income
= $400 + $1200 = $1600
revenue = variable costs + contribution margin
= $500 + $1600 = $2100
contribution margin percentage = contribution margin/sales revenue
= $1600/$2100
= 76.19%
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