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QS 21-6 (Algo) Contribution margin ratio LO A1 Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,800 Variable

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QS 21-6 (Algo) Contribution margin ratio LO A1 Compute the contribution margin ratio and fixed costs using the following data. Sales $ 5,800 Variable costs $ 3,016 Income $ 480 Sales Less: Variable cost Contribution margin Numerator: Contribution margin $ Fixed Cost Contribution Margin $ 5,800 3,016 2,784 Contribution Margin Ratio Denominator: Sales 2,784 $ 2,304 = Contribution Margin Ratio = Contribution margin ratio 0

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