57.

A manufacturer of cedar shingles has supplied the following data:

Bundles of cedar shakes produced and sold	360,000
Sales revenue	$ 2,412,000
Variable manufacturing expense	$ 1,170,000
Fixed manufacturing expense	$ 714,000
Variable selling and administrative expense	$ 414,000
Fixed selling and administrative expense	$ 82,000
Net operating income	$ 32,000

The company's contribution margin ratio is closest to:

Multiple Choice

• 72.6%

• 65.7%

• 34.3%

• 27.4%

51. A company that makes organic fertilizer has supplied the following data:

Bags produced and sold	200,000
Sales revenue	$ 1,560,000
Variable manufacturing expense	$ 660,000
Fixed manufacturing expense	$ 448,000
Variable selling and administrative expense	$ 180,000
Fixed selling and administrative expense	$ 214,000
Net operating income	$ 58,000

The company's unit contribution margin is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $4.50 per unit

• $6.90 per unit

• $3.60 per unit