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Leeks Company's product has a contribution margin per unit of17.25 and a contribution margin ratio of 25.0%. What is theselling price of the product

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SOLVED: Compute the contribution margin ratio and fixed costs using the following data: Sales: 4,600 Variable costs:2,944 Income: 540Contribution Margin = Sales - Variable costsContribution Margin =4,600 - 2,944Contribution Margin =1,656Contribution Margin Ratio = (Contribution Margin / Sales) * 100Contribution Margin Ratio = (1,656 /4,600) * 100Contribution Margin Ratio = 36%Fixed Cost = Income - Contribution MarginFixed Cost = 540 -1,656Fixed Cost = -1,116 (Note: Negative value indicates a los