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Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.) A manufacturer reports the following. Sales Variable cost of goods sold Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 720,000 246,000 168,000 78,000 58,000 QS 19-17 (Algo) Compute contribution margin ratio LO A1 Compute the contribution margin ratio. Contribution margin ratio %