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What is the contribution margin percentage

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Reference no: EM132817875

The following is the Income Statement for Fatma Ltd for the Month Ending March 2020

Sales (12,000 prints at sh. 0.60)Sh. 7,200

Less:

Variable costs of goods sold (12,000 × sh. 0.30) 3,600

Variable selling costs (12,000 × sh. 0.06) 720

4,320

Contribution margin Sh.2,880

Less: Fixed costs 1,500

Operating profit Sh. 1,380

Required:

1. Break even volume in units.

2. What is the contribution margin percentage?

3. Assume that management wants to have a profit of sh.1, 800, how many units must be sold?

Reference no: EM132817875

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