Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.
Service Revenue
$80,000
Cleaning Supplies Used
22,000
Wages Expense
19,350
Office Rent Expense
5,150
Depreciation Expense-Machinery
550
Calculate the contribution margin and the contribution margin ratio. (Round your contribution margin to the nearest dollar, and your contribution margin ratio to two decimal places.)
A) $38,650; 48.31% B) $74,850; 93.56%
C) $60,650; 75.81% D) $32,950; 41.19%
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