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Family Furniture manufactures two products: Chairs and Sofas. The following data are available: Sales price Variable costs Chairs $530 $350 Sofas $750 $395 The company

Family Furniture manufactures two products: Chairs and Sofas. The following data are available: Sales price Variable costs Chairs $530 $350 Sofas $750 $395 The company can manufacture two chairs per machine hour or one sofa per machine hour. The company's production capacity is 1,500 machine hours per month. What is the contribution margin ratio for Chairs? O A. 16.6% B. 51.43% C. 47.33% D. 33.96%

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