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What is the company contribution margin percentage

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Reference no: EM132615047

Bikes Manufacturing produces and sells children's bikes at an average price of $80. Its costs are as follows: direct materials, $14; direct labour, $9; variable overhead, $4; sales commission, 5% of price. Its fixed monthly costs are $38,000.

Required:

Question 1: Using the above cost data, set up a monthly cost equation.

Y=( )+( )X

Question 2: What is the company's contribution margin percentage? (Round your answer to 2 decimal places.)

Reference no: EM132615047

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