Compute a fiscal year end revenue for the Medical Center using contribution charts, ratios, and volume
Compute a fiscal year end revenue for the Medical Center using contribution charts, ratios, and volume
………………………..Answer preview……………………
Contribution margin indicates the difference between an organization’s sales and its variable expenses.
In this case, contribution revenue = $1,210,000 – $205,000
= $1,005,000
The contribution margin is lower than the fixed cost. This situation shows that the company cannot afford to pay for its fixed costs……………………
APA
172 words
Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below