Answer:
Variable cost= $1,920,000
Explanation:
Giving the following information:
Sales= $3,000,000
Contribution margin ratio= 0.36
The contribution margin ratio is the dollar remaining after deducting from sales of the variable component. In 1 dollar, the contribution margin is $0.36.
In this case:
Variable cost= sales*(1-Contribution margin ratio)
Variable cost= 3,000,000*0.64
Variable cost= $1,920,000
