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 Required 1 Compute the contribution margin ratio for each model. Contribution margin ratio Samsung Apple % < Required 1 Required 2 > Selling price per unit Variable cost per unit Samsung Apple $ 720 $650 288 221 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 Required 1 2 Based on contribution margin ratio, which company's smartphone sales contribute more to covering fixed costs? | contribute more towards covering | fixed costs. Sales of < Required 1 Required 2 >