Question 2 A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 390,000 Sales revenue Variable manufacturing expense Fixed manufacturing expense $ 1,860,000 $ 951,000 $ 248,000 Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: $333,000 $214,000 $ 114,000 A 48.9% B 82.1% 31.0% (D) 75.2% 8 Points