Assume that the following information was available for Daylight Enterprises, Inc. Which of the following statements is true with regard to contribution margin ratio? Ceiling Tabletop Stand-Alone Lights Lights Lights Sales $350,000 $175,000 $440,000 Variable expenses Variable production $70,000 $19.250 $90,000 Variable advertising $10,500 $3,500 $22,000 Variable shipping $12,000 $14,000 $28,000 Ceiling lights has the lowest contribution margin ratio. Stand-alone lights has the highest contribution margin ratio. Ceiling lights has the highest contribution margin ratio. Tabletop lights has the lowest contribution margin ratio. Tabletop lights has the highest contribution margin ratio