Forward Company makes and sells power tools. The budgeted sales are $480,000, budgeted variable costs are $175,000, and budgeted fixed costs are $260,000. What is the budgeted contribution margin ratio? (Note: Round answer to two decimal places.) @a. 63.54% Ob, 50.20% Oc. 35.64% ed, 54.45% Oe. 89.50% te