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9. A construction company has total revenues of $250,000, total construction costs of $175,000, variable general overhead of $5,000, and fixed general overhead of $45,000

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9. A construction company has total revenues of $250,000, total construction costs of $175,000, variable general overhead of $5,000, and fixed general overhead of $45,000 for the year. What are the contribution margin and the contribution margin ratio for the company? (10 Points)

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