Question 29 1 pts Gardiner Furniture Company produces two kinds of chairs: an oak model and a chestnut wood model. The oak model sells for P60 and the chestnut wood model sells for P100. The variable expenses are as follows: Variable production costs per unit Variable selling & admin. expenses per unit Oak Chestnut P30 6 P35 5 Expected sales in units next year are: 5,000 oak chairs and 1,000 chestnut chairs. Fixed expenses are budgeted at P135,000 per year. The company's overall contribution margin ratio for the expected sales mix is: 45%. 50%. 60%. 40%. Previous Novt