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Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales 3,000 units Sales price $50 per unit Variable costs $25 per

Montreal Seating Co., a manufacturer of chairs, had the following data for 2020:

Sales

3,000 units

Sales price

$50 per unit

Variable costs

$25 per unit

Fixed costs

$39,500

(a)

Calculate the contribution margin ratio.

Contribution margin ratio

%

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