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A cement manufacturer has supplied the following data: Tons of cement produced and sold 250,000 Sales revenue $ 954,000 Variable manufacturing expense $ 227,000 Fixed

A cement manufacturer has supplied the following data: Tons of cement produced and sold 250,000 Sales revenue $ 954,000 Variable manufacturing expense $ 227,000 Fixed manufacturing expense $ 298,000 Variable selling and administrative expense $ 106,900 Fixed selling and administrative expense $ 88,000 Net operating income $ 234,100 The company's contribution margin ratio is closest to

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