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A manufacturer has supplied the following data: #ofunitsproducedandsoldSalesrevenueVariablemanufacturingexpenseFixedmanufacturingexpenseVariablesellingandadministrativeexpenseFixedsellingandadministrativeexpenseNetoperatingincome300,000$4,000,000$1,500,000$1,250,000$700,000$306,000$244,000 The company's contribution margin ratio is closest to
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
