a. Compute contribution margin (in dollars) for each product.

b. Compute contribution margin ratio for each product. Which product has the better contribution margin ratio?

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Pro Bike manufactures and sells two types of bikes: road bikes and mountain bikes. The company sold 600 units of each type of bike during the year. Per unit Road bikes Mountain bikes Sales price $ 1,200 $ 800 Variable cost of goods sold 840 480 Variable selling and administrative expenses 60 64 a. Compute contribution margin (in dollars) for each product b. Compute contribution margin ratio for each product. Which product has the better contribution margin ratio? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Compute total contribution margin (in dollars) for each product, Road bikes Mountain bikes Contribution margin Required A Required B > Pro Bike manufactures and sells two types of bikes: road bikes and mountain bikes. The company sold 600 units of each type of bike during the year. Per unit Road bikes Mountain bikes Sales price $ 1,200 Variable cost of goods sold Variable selling and administrative expenses 60 a. Compute contribution margin (in dollars) for each product b. Compute contribution margin ratio for each product . Which product has the better contribution margin ratio? 840 $ 800 480 64 Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Compute contribution margin ratio for each product. Which product has the better contribution margin ratio? Road bikes Contribution margin ratio 25 % Which product has the better contribution margin ratio? Mountain bikes 50 Mountain bikes