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Concord Corporation reported the following information for the current year: Sales (49000 units) $980000, direct materials and direct labor $490000, other variable costs $49000, and

Concord Corporation reported the following information for the current year: Sales (49000 units) $980000, direct materials and direct labor $490000, other variable costs $49000, and fixed costs $360000. What is Concord's contribution margin ratio? 45%. 55%. O 32%. O 68%

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