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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
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 240,000 $944,000 $225,000 $292,000 $105,400 $ 86,000 $235,600 The company's contribution margin ratio is closest to: Multiple Choice 45.2% 65.0%
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