QS 18-21 Contribution margin LO A1

A recent income statement for BMW reports the following (in millions). Assume 75 percent of the cost of sales and 75 percent of the selling and administrative costs are variable costs, and the remaining 25 percent of each is fixed. Compute the contribution margin (in millions). (Round computations using percentages to the nearest whole euro.)

BMW Automotive Group
Sales		85,050
Cost of sales		68,320
Selling and administrative expenses		7,970

Compute the contribution margin (in millions). (Enter answers in millions of Euros. Do not round your intermediate calculations. Round your final answer to 2 decimal places.)