A manufacturer of tiling grout has supplied the following data:

Kilograms produced and sold	380,000
Sales revenue	$ 1,870,000
Variable manufacturing expense	$ 952,000
Fixed manufacturing expense	$ 250,000
Variable selling and administrative expense	$ 331,000
Fixed selling and administrative expense	$ 216,000
Net operating income	$ 121,000

 

The company's contribution margin ratio is closest to:

Answer rating: 100% (QA)

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