Question

I am trying to calculate the contribution margin ratio and I keep coming up with the wrong answer.revenues

25,440,000.00 24,645,000.00

variable costs of goods sold 15,408,000.00 15,577,500.00

manufacturing margin 10,032,000.00 9,067,500.00

variable selling expenses 4,944,000.00 5,124,300.00

contribution margin 5,088,000.00 3,943,200.00

sales unit volume 4,800 4,650

income from operations $590.00 $543.00

I did the calculation as $590.00 x 4800= 2,832,000.00 and I get 0.556 when divided by the contribution margin and $543.00 x 4650=2,524,950.00 and I get 0.640 when I divide by the contribution margin. What am I doing wrong here?

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