Fernley Company produces two different products with the following data for the most recent month: Table Chair Total Selling price per unit $600 $200 Variable cost per unit $480 $120 Expected unit sales 28,000 7,000 35,000 Sales mix 80% 20% 100% Fixed costs $2,800,000 Assume the sales mix remains the same at all levels of sales. The weighted average contribution margin ratio is __________ (rounded). Responses