Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs.

Sales		$1,980,000		Selling expensesvariable		$79,000
Direct materials		500,000		Selling expensesfixed		56,000
Direct labor		380,000		Administrative expensesvariable		27,000
Manufacturing overheadvariable		400,000		Administrative expensesfixed		179,500
Manufacturing overheadfixed		210,000

Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 25%.) Contribution margin ratio enter percentages rounded to 0 decimal places % Margin of safety ratio enter percentages rounded to 0 decimal places % Save for Later