Which best describes costs that vary in total directly and proportionately with changes in the activity level?

Select one: a. Mixed Cost b. Fixed Cost c. Variable Cost

Danas company sells three handcrafted china products: bowls, plates, and cups. The bowls bring in $125,000 in sales, with variable costs of $58,000. The fixed costs for the company amount to $30,000. What are the contribution margin and the contribution margin ratio for the bowls?

Select one:

a. $95,000; 76.00%

b. $67,000; 53.60%

c. $97,000; 77.60%

d. $37,000; 29,60%