Parsons Company makes calendars. Information on cost per unit is as follows: Direct materials $2.20 Direct labor $1.50 Variable overhead $1.20 Variable marketing expense $0.70 Fixed marketing expense totaled $16,000 and fixed administrative expense totaled $47,000. The price per calendar is $12. What is the contribution margin ratio? 69.17% 53.3396 59.1796 46.6796