Homework Answers
Total variable cost=Variable manufacturing expense+Variable selling and administrative expense
=1,156,000+272,000=$1,428,000
Contribution margin=Sales-Variable cost
=2,788,000-1,428,000=1,360,000
Contribution margin ratio=Contribution margin/Sales
=1,360,000/2,788,000
=48.8%(Approx).
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