How total contribution marginn and contribution margin ratio

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ABC Bookstore presented the following statement: Vo) Sales P800,000 Cost of Sales 560,000 Gross Profit P240,000 Selling Expenses 105,000 Administrative Expenses 105,000 P30,000 Operating income On the average, a book sells for P40. The cost of sales includes fixed overhead of P8 per unit. Variable selling expenses are P3 per book while variable administrative expenses equal to 5%. How much is total contribution marginn and contribution margin ratio? Get the instant assignment help.

Reference no: EM133920321

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