AA 05-3 Global Analysis LO P4 Both Samsung and Apple sell smartphones. Assume the following data are available for a popular smartphone model of each company Selling price per unit Variable cost per unit Samsung $ 720 288 Apple $ 650 221 Required 1. Compute the contribution margin ratio for each model 2. Based on contribution margin ratio, which company's smartphone sales contribute more to covering fixed costs? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the contribution margin ratio for each model Contribution margin ratio Samsun Samsung $ 720 288 Apple Selling price per unit $ 650 Variable cost per unit 221 Required 1. Compute the contribution margin ratio for each model. 2. Based on contribution margin ratio, which company's smartphone sales contribute more to covering fixed costs? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the contribution margin ratio for each model, Contribution margin ratio Samsung % Apple % Selling price per unit Variable cost per unit Samsung $720 288 Apple $ 650 221 Required 1. Compute the contribution margin ratio for each model. 2. Based on contribution margin ratio, which company's smartphone sales contribute more to covering fixed costs? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on contribution margin ratio, which company's smartphone sales contribute more to covering fixed costs? Sales of contribute more towards covering fixed costs