Bryce Co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. What is the contribution margin ratio? a. 45.5% b. 28.4% c. 52.2% Od. 54.5% Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty's variable utilities cost per machine hour. Round to the nearest cent Cost Machine Hours March $3,053 14,821 April 2,617 9,806 May 2,844 12,109 June 3,770 18,350 a. $1.35 Ob. $0.94 c. $0.13 d. $0.90