Question: Compute the contribution margin ratio based on the following data: Sales revenue $1,500,000 Variable manufacturing cost $675,000 Fixed manufacturing cost $200,000 Variable selling and administrative

Compute the contribution margin ratio based on the following data:

Sales revenue

$1,500,000

Variable manufacturing cost

$675,000

Fixed manufacturing cost

$200,000

Variable selling and administrative expense

$120,000

Fixed selling and administrative expense

$135,000

Net operating income

$370,000

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