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  3. a company sold a total of 1,000 units for total sa

A company sold a total of 1,000 units for total sales revenue of $105,000. ...

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Accounting

A company sold a total of 1,000 units for total sales revenue of $105,000.

The company incurred total variable expenses of $73,500 and total fixed expenses of $ 27,720.

Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 3,780.

Use this information to answer the following questions. Assume that all units are within the relevant range.

Calculate the contribution margin ratio.

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Required information A company sold a total of 1,000 units for total sales revenue of $105,000 The company incurred total variable expenses of $73,500 and total fixed expenses of $ 27,720. Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 3,780, Use this information to answer the following questions. Assume that all units are within the relevant range, Calculate the contribution margin ratio. Contribution margin ratio %

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