(Answered) What are the contribution margin and the contribution

Finance

What are the contribution margin and the contribution margin ratio for the company in Problem 1 if $15,000 of the overhead is considered variable overhead?
In Problem 1 A construction company has total revenues of $650,000, total construction costs of $509,000, and general overhead costs of $65,000 for the year. Determine the company’s total profit for the year and the percentage of the construction revenues that became profits.

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