31.4% or 75.1%

A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 380, 006 $1,870,000 $ 952,000 $ 250,000 $ 331,000 $ 216,000 $ 121,000 2 es The company's contribution margin ratio is closest to: Multiple Choice 49.1% 82.3%