Magic Maid Service Provides Maid Service to Residential Clients $$\begin{array} { l l } \text { Service Revenue } & \$ 3,200 \\\text { Variable Costs } & 1,900\end{array}$$

True/False

Magic Maid Service provides maid service to residential clients.Following are data for a recent week:
$$\begin{array} { l l } \text { Service Revenue } & \$ 3,200 \\\text { Variable Costs } & 1,900\end{array}$$ The contribution margin ratio is 59.38% (rounded to two decimal places).