Calculate Overhill\'s contribution margin ratio and its total contribution margi

Question

Calculate Overhill's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) 500 Units 800 Units 1,000 Units Total contribution margin $ $ $ Contribution margin ratio % % % -------------------------------------------------------------------------------- Requirement 3: Calculate profit at each of the sales levels assuming a sales price of $650. (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.) 500 Units 800 Units 1,000 Units Profit / Loss $ $ $

Explanation / Answer

t the break-even, the total contribution margin equals total fixed expenses. Therefore, the total contribution marginwould be = Fixed costs per year Contribution margin ratio =Unit contribution margin

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