47. Habitat Help Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 310 customers and the residential business segment provided services to 575 customers. CommercialResidentialTotalService Revenue$91,000$121,000$212,000Variable Costs23,00047,00070,000Fixed Costs46,00048,00094,000Operating Income$22,000$26,000$48,000What is the contribution margin ratio for Habitat Help Company? (Round answer to two decimal places.)

Contribution Margin = Sales Revenue - Variable Cost Contribution Margin ratio = Contribution / Sales…

Answered: Habitat Help Company provides cleaning…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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47. Habitat Help Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 310 customers and the residential business segment provided services to 575 customers.

	Commercial	Residential	Total
Service Revenue	$91,000	$121,000	$212,000
Variable Costs	23,000	47,000	70,000
Fixed Costs	46,000	48,000	94,000
Operating Income	$22,000	$26,000	$48,000

What is the contribution margin ratio for Habitat Help Company? (Round answer to two decimal places.)

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