A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 650,000 196,000 167,000 Compute the contribution margin ratio. 77,000 57,000 QS 19-17 (Algo) Compute contribution margin ratio LO A1

A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $650,000196,000167,00077,00057,000 QS 19-17 (Algo) Compute contribution margin ratio LO A1 Compute the contribution margin ratio