Exercise 19-20 (Static) Contribution margin ratio by sales territory LO A1 Big Bikes manufactures and sells mountain bikes in two sales territories, West Coast and East Coast. Information for the year follow The company sold 500 bikes in each territory Per unit West Coast East Coast Sales price $ 1,200 $ 960 Variable cost of goods sold 540 Variable selling and administrative expenses a. Compute contribution margin (in dollars) for each sales territory b. Compute contribution margin ratio for each sales territory, which sales territory has the better contribution margin ratio? 540 120 60 Complete this question by entering your answers in the tabs below. Required A Required B Compute contribution margin (in dollars) for each sales territory. West Coast East Coast 120 60 luie suing and administrative expenses a. Compute contribution margin (in dollars) for each sales territory. b. Compute contribution margin ratio for each sales territory. Which sales territory has the better contribution margin ratio Complete this question by entering your answers in the tabs below. 26 Required A Required B Compute contribution margin (in dollars) for each sales territory, West Coast East Coast Variable expenses Contribution margin Required B Variable selling and administrative expenses Check 120 60 a. Compute contribution margin (in dollars) for each sales territory b. Compute contribution margin ratio for each sales territory. Which sales territory has the better contribution margin ratio? Complete this question by entering your answers in the tabs below. Required A Required B Compute contribution margin ratio for each sales teditory. Which sales territory has the better contribution margin ratio? (Round your answers to 1 decimal place.) East Coast Contribution margin ratio Which sales territory has the better contribution margin ratio?