> Moving to another question will save this response. Question 17 of 28 >> Question 17 5 points Save Answer Serrato Manufacturing Company had the following projected information for 2021. Serrato expects to produce and sell 10,870 units. The costs expected to be incurred include: direct labor of $10.55/unit; direct materials of $5.45/unit: variable overhead of $18.00/unit: fixed overhead of $215,000: variable selling of 53.00/unit: fixed selling of $90,000; fixed administrative of $120,000. Each unit would sell for $80.00. Serrato's tax rate is 40%. Be sure to show ALL your work with formulas, if needed, to receive full credit for a correct answer. What is the contribution margin ratio? (5 pts.) TTT Arial 3 (12pt) T. Words: 04 Path:p