Contribution Margin Analysis (Breakdown by Product):

A company sells three products, A, B, and C, with the following information:

• Product A: Sales Revenue = $40,000, Variable Costs = $15,000
• Product B: Sales Revenue = $60,000, Variable Costs = $25,000
• Product C: Sales Revenue = $80,000, Variable Costs = $30,000

Requirements:

1. Calculate the contribution margin for each product.
2. Determine the total contribution margin for the company.
3. Compute the contribution margin ratio for each product.