ABC Inc. manufactures and sells toys. Price and cost data are as follows: $26.00 Selling price per unit (package of 2 CDs). Variable costs per unit: Direct material..... Direct labor... Artist's royalties.... Manufacturing overhead. Selling expenses. Total variable costs per unit. Annual fixed costs: Manufacturing overhead...... Selling and administrative...... Total fixed costs.............. Forecasted annual sales volume (120,000 units)..... $6.50 $5.00 $5.00 $3.50 $1.00 $21.00 $188,000 $270,000 $458,000 $3,120,000 What is the company's contribution margin ratio (CM ratio)? (Please indicate your result with one decimal place. Example: 40.5) Answer: 0.01785 1128828cmid=69300&page=8