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Contribution Margin and Contribution Margin Retio For a recent year, Wicker, Company-owned restaurants hod the following sales and expenses (in mimons): Assume that the variable
Contribution Margin and Contribution Margin Retio For a recent year, Wicker, Company-owned restaurants hod the following sales and expenses (in mimons): Assume that the variable costs consist of food and packagingj payrolly and 40% of the goneral selling. and administrative expenses. a. What is Wicker Company's contributigh margin? Round to the nearest mallion. (Cive answer in mallions of doliars.) milison b. What is Wicker Companys contribution margin ratio? Round your answer to one decimal place. ratio or hikeit cots? Round your answer to the closest millish. minen
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