St Volume Polt) Saved Help Save & Exit Submit Check my work Gulf Shore Lawn and Garden Maintenance provides two general outdoor services: lawn maintenance and garden maintenance. The company charges customers $15.0 per hour for each type of service, but lawn maintenance has higher variable costs ($60 per hour) than garden maintenance ($3.0 per hour) because of fuel expenses incurred to operate lawn mowing equipment. All employees are paid a fixed monthly salary. A contribution format income statement for a recent month for the two services appears below. During the month, 8,000 hours of lawn maintenance services and 2,000 hours of garden maintenance were provided Sales Variable expenses Lawn Per Garden Per Maintenance Hour Maintenance Hour Total $ 120,000 $15.0 $ 30,000 $15.0 $ 150,000 48,000 6.0 6,000 3.0 54,000 $ 72,600 $ 9.0 $ 24,000 $12.9 96,000 Contribution margin Fixed expenses 26,880 Operating income $ 69,120 Required: 1. Compute the overall CM ratio for the company Overall contribution margin ratio 64% Proy 1 of 33 Next > Show Cp-4-end of cha.docx Cp-d-end of cha.docx S07 PM 10/10/2010 - . x