Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:
| Sales revenue Don't use plagiarized sources. Get Your Custom Essay on what is mary s contribution margin ratio 613929 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | |
| Cost of goods sold (all variable) | 25,575 |
| Gross margin | |
| Selling expenses (20% variable) | 8,000 |
| Administrative expenses (60% variable) | 12,000 |
| Operating income | $ 4,425 |
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