Sports Drinks, Inc. began business in the current year selling bottles of a thirst$-$quenching drink. Production for the first year was $145,600$ bottles, and sales were $137,200$ bottles. The selling price per bottle was $$3\mathrm{.}10.$ Costs incurred during the year were as follows:

Ingredients used $$78,400$

Direct labor $36,400$

Variable overhead $67,200$

Fixed overhead $7,280$

Variable selling expenses $14,000$

Fixed selling and administrative expenses $39,200$

Total actual cost $$242,480$

For the year:

a$.$ What was the production cost per bottle under variable costing? $Answer

$1\mathrm{.}25$

b$.$ What was variable cost of goods sold? $Answer

$171,500$

c$.$ What was the contribution margin per bottle?

Note: Round your answer to two decimal places $($for example, round $$2\mathrm{.}455$ to $$2\mathrm{.}46).$

$Answer

$239,820$

d$.$ What was the contribution margin ratio?

Note: Round your answer to the nearest whole percentage point.

Answer

$56$

$\%$