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Saved Igneous Industires manufactures cement. The accountants at Igneous have supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense
Saved Igneous Industires manufactures cement. The accountants at Igneous have supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: 285,000 $ 989,000 $ 234,000 $ 319,000 $ 181,380 $ 95,000 $ 159,620 Multiple Choice O O 58.0% 44.1% 16.1% 67.7%
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