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Accounting

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3.The Steve Company maruta tres a o ct that is expected to ar 60 per unit n van ble product r costs ard sell rS15 per u t The sits co n son is 5%ofto sae price. Due to Intense competition, Steve actually sold 200 units for $125 per unit. The actual variable production costs incurred were $75.00 per unit. Caauiate the total contribution margin and contribution margin ratio at the expected price/costs and the actual pricelcosts. How might management use this information? Complete the expected contribution margin by entering the appropriate amounts to calculate the total contibution margin and contribution margin ratio. (Enter the contnibution margin ratio to two decimal pla00. XXX%) Expected Contribution Margin Net Sales Revenue Variable Costs: Production Costs Sales Commission Contribution Margin Contribution Margin Ratio Complete the actual contribution margin by entering the appropriate amounts to calculate the total contribution margin and contribution margin ratio. (Enter the contribution margin ratio to two decimal place.xxx%.) Actual Contribution Margi Net Sales Revenue Variable Costs Production Costs Sales Commission Enter any number in the edit felds and then continue to the next question. 17 3 5 6

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