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7. What is the contribution margin % and gross margin %: Contribution margin % Gross margin % Basis facts: Sales $80 Direct material $28 Direct

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7. What is the contribution margin % and gross margin %: Contribution margin % Gross margin % Basis facts: Sales $80 Direct material $28 Direct labor $12 Overhead $10 indirect and $10 direct SG&A expense $12 indirect $4 direct

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