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Compute the contribution margin

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Question: A recent income statement for Volkswagen reports the following (in € millions). Assume 70 percent of the cost of sales and 70 percent of the selling and administrative costs are variable costs, and the remaining 30 percent of each is fixed. Compute the contribution margin (in € millions). (Round computations using percentages to the nearest whole euro.)

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €105,187

Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . 91,608

Selling and administrative expenses . . . . . . . . 13,276

Reference no: EM131538965

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