A recent income selling and administrative costs are variable costs, and the rem

Question

A recent income selling and administrative costs are variable costs, and the remaining 60 percent of each is fixed. Compute the contribution margin (in statement for BMW reports the following (in millions). Assume 40 percent of the cost of sales and 40 percent of the millions). (Round computations using percentages to the nearest whole euro.) BMW Automotive Group Sales Cost of sales Selling and administrative expenses 80,090 64,340 7,510 Compute the contribution margin (in millions). (Enter answers in millions of Euros. Do not round your intermediate calculations Round your final answer to 2 decimal places.) BMW Automotive Group Contribution Margin Statement (in millions) Variable costs:

Explanation / Answer

Solution:

Contribution margin income statement Sales 80,090 Minus: Variable costs Cost of sales 25,736 Selling and administrative expenses 3,004 28,740 Contribution margin 51,350 Working: Variable Fixed Sales Cost of sales 25736 38604 S&A exp 3004 4506

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