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Bonita Industries reported the following information for the current year: Sales (52000 units) $1040000, direct materials and direct labor $520000, other variable costs $52000, and

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Bonita Industries reported the following information for the current year: Sales (52000 units) $1040000, direct materials and direct labor $520000, other variable costs $52000, and fixed costs $360000. What is Bonita's contribution margin ratio? 45%. 33% 67% 55%

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