A manufacturer of tiling grout has supplied the following da Kilograms produced and sold Sales revenue Variable manufacturing expense $336,000 Fixed manufacturing expense Variable selling and administrative expense $ 399,000 Fixed selling and administrative expense $372,000 $ 280,000 Net operating income The company's contribution margin ratio is closest to: O 71.1% O 28.9% O 36.1% 380,000 $ 2,736,000 $ 1,349,000 O 63.9%

A manufacturer of tiling grout has supplied the following data The company's contribution margin ratio is closest to: 71.1% 28.9% 36.1% 63.9%