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A recent income statement for BMW reports the following (in millions). Assume 60 percent of the cost of sales and bu percent of the selling
A recent income statement for BMW reports the following (in millions). Assume 60 percent of the cost of sales and bu percent of the selling and administrative costs are variable costs, and the remaining 40 percent of each is fixed. Compute the contribution margin (in millions). (Round computations using percentages to the nearest whole euro.) BMW Automotive Group Sales Cost of sales Selling and administrative expenses 81,150 65,200 7,620 Compute the contribution margin (in millions). (Enter answers in millions of Euros. Do not round your intermediate calculations. Round your final answer to 2 decimal places.) BMW Automotive Group Contribution Margin Statement (in millions) 81,150.00 Sales Variable costs: Variable selling and administrative expense Contribution margin 81,150.00
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