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Question 13 Boswell company reported the following information for the current year: sales (50,000 units) $1,000,000, direct materials and direct labor $600,000, other variable costs

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Question 13 Boswell company reported the following information for the current year: sales (50,000 units) $1,000,000, direct materials and direct labor $600,000, other variable costs $80,000, and fixed costs $360,000. What is Boswell's contribution margin ratio? 68%. 45%. 32%. 55%. 1

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