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A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and

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A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 320,000 $1,024,000 $ 241,000 $ 340,000 $ 199,320 $ 101,000 $ 142, 680 The company's contribution margin ratio is closest to

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