Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 800,000 231,000 179,000 89,000 69,000 QS 19-17 (Algo) Compute contribution margin ratio LO A1 Compute the contribution margin ratio. Contribution margin ratio %