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The following monthly budgeted data is available for the Baxter Company: (130,000 units x Sales $60) Variable Costs (130,000 x $36) Total Fixed costs $3,000,000

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The following monthly budgeted data is available for the Baxter Company: (130,000 units x Sales $60) Variable Costs (130,000 x $36) Total Fixed costs $3,000,000 Calculate the contribution margin and contribution margin ratio, respectively. OCM= $23.08 and CM Ratio= 38.5% OCM= $24 and CM Ratio= 40% OCM= $36 and CM Ratio= 36% OCM= $36 and CM Ratio= 60%

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