Evergreen Corp. has provided the following data:

Sales per period	4,600 units
Selling price	$ 215 per unit
Variable manufacturing cost	$ 48 per unit
Selling expenses	$ 6,900 plus 5% of selling price
Administrative expenses	$ 4,800 plus 20% of selling price

The contribution margin ratio is (Do not round intermediate calculations.):

	52.7%
	77.7%
	47.3%
	67.3%

2.

Pedulla Inc, which produces and sells a single product, has provided its contribution format income statement for February.

Sales (3,000 units)	$273,000
Variable expenses	131,400
Contribution margin	141,600
Fixed expenses	83,900
Net operating income	57,700

If the company sells 3,300 units, its net operating income should be closest to:

	$57,700
	$63,470
	$71,860
	$66,000

3. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$210
Units in beginning inventory	0
Units produced	2,400
Units sold	2,100
Units in ending inventory	300
Variable costs per unit:
Direct materials	$51.00
Direct labor	$25.00
Variable manufacturing overhead	$17.00
Variable selling and administrative	$19.00
Fixed costs:
Fixed manufacturing overhead	$76,800
Fixed selling and administrative	$50,400

The total gross margin for the month under absorption costing is:

	$127,200
	$205,800
	$178,500
	$35,700