eBook Question Content Area Contribution Margin and Contribution Margin Ratio For a recent year, McDooley's, a family-owned group of restaurants, had the following sales and expenses: Line Item Description Amount Amount Sales by company-operated restaurants $317,000 Food and paper $125,450 Payroll and employee benefits 75,800 Occupancy and other expenses 27,670 Selling, general, and administrative expenses 43,700 Other operating expenses (income) 19,020 Net operating expenses (291,640) Operating income (loss) $25,360 Assume that the variable costs consist of food and paper, payroll and employee benefits, and 40% of the selling, general, and administrative expenses. a. What is McDooley's contribution margin? fill in the blank 1 of 1$