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Concord Corporation reported the following information for the current year: Sales ( 42000 units) $840000, direct materials and direct labor $428400, other variable costs $42000,

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Concord Corporation reported the following information for the current year: Sales ( 42000 units) $840000, direct materials and direct labor $428400, other variable costs $42000, and fixed costs $300000. What is Concord's contribution margin ratio? 32% 44%. 56% 68%

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