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Suppose Sandhill Company sells hand tatted lace for $50 peryard. Her materials cost $6 per yard and labor costs her $31 per yard. She also

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Suppose Sandhill Company sells hand tatted lace for $50 peryard. Her materials cost $6 per yard and labor costs her $31 per yard. She also estimates her fixed cost to be $60 per month. If she sells 3,000 yards of lace during the month, what is her contribution margin ratio? (Round ratio to 2 percentage places, eg. 0.38=38% ) Contribution Margin Ratio

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