Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 670,000 264,000 161,000 71,000 51,000 QS 19-16 (Algo) Compute contribution margin LO P2 Compute contribution margin. Contribution Margin Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 670,000 264,000 161,000 71,000 51,000 QS 19-17 (Algo) Compute contribution margin ratio LO A1 Compute the contribution margin ratio. Contribution margin ratio %