Bikes Manufacturing produces and sells children's bikes at an average price of $90 . Its costs are as follows : direct materials labout $6variable overhead , $4: sales commission , 10% of price Its fixed monthly costs are $39,000 . Required : 1. Using the above cost data , set up a monthly cost equation 2. What is the company's contribution margin percentage ( Round your answer to 2 decimal places .) Contribution margin

Bikes Manufacturing produces and sells children's bikes at an average price of $90. Its costs are as follows direct materiala, $14, direct labour. $6; variable overhead, 54 sales commission, 10% of price. Its fixed monthly costs are 339,000 Required: 1. Using the above cost data set up a monthly cost equation 2. What is the company's contribution margin percentage? (Round your answer to 2 decimal places) Coretation maryn