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.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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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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