A manufacturer of tiling grout has supplied the following data:   Kilograms produced and sold 380,000Sales revenue$2,736,000Variable manufacturing expense$1,349,000Fixed manufacturing expense$336,000Variable selling and administrative expense$399,000Fixed selling and administrative expense$372,000Net operating income$280,000The company's contribution margin ratio is closest to:

A. 71.1%
B. 36.1%
C. 63.9%
D. 28.9%


Answer: B

Business

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