Northwood Company manufactures basketballs. The company has a ball that sells for $23. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $15 per ball, of which 65% is direct labor cost. 2) Compute the CM ratio: Note: -Write the correct number with only 3 decimals for each question. -Use your own calculation for the three questions and send the handwork copy to the folder created in the Moodle immediatly after finishing the exam. the folder will be open for 10 mints max