Marion Company Provides Cleaning Services to Commercial and Residential Customers

question 62

Multiple Choice

Marion Company provides cleaning services to commercial and residential customers.The commercial business segment provided services to 280 customers and the residential business segment provided services to 595 customers. $$\begin{array} { | l | r | r | r | } \hline & \text { Commercial } & \text { Residential } & \text { Total } \\\hline \text { Service Revenue } & \$ 92,000 & \$ 121,000 & \$ 213,000 \\\hline \text { Variable Costs } & 31,000 & 49,000 & 80,000 \\\hline \text { Fixed Costs } & \underline { 45,000 } & \underline { 50,000 } & \underline { 95,000 } \\\hline \text { Operating Income } & \$ 16,000 & \$ 22,000 & \$ 38,000 \\\hline\end{array}$$ What is the contribution margin ratio for Marion Company? (Round you answer to two decimal places. )

• A)0.55%
• B)0.82%
• C)0.62%
• D)0.18%

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