Homework SourseComplete the following blanks Show all formula used and math
Complete the following blanks. Show all formula used and mathematical computation work.
Revenues $?
Variable Costs $600
Fixed Costs $?
Total Costs $800
Operating Income $1,600
Contribution Margin $?
Contribution Margin %
Solution
Contribution margin=Revenues-Variable costs
Contribution margin-Fixed cost=Operating income
Total cost=Fixed cost+Variable cost
Contribution margin %=Contribution margin/Revenues
| Revenues(1800+600) | $2400 |
| Variable cost | 600 |
| Fixed cost(800-600) | $200 |
| Total cost | 800 |
| Operating income | 1600 |
| Contribution margin(200+1600) | $1800 |
| Contribution margin%(1800/2400) | 75% |
