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The following are last year's revenues and total costs for X Company: Revenue $1,782,150 Direct materials 289,940 Direct labor [all variable] 229,445 Variable overhead 249,065

The following are last year's revenues and total costs for X Company:

Revenue $1,782,150
Direct materials 289,940
Direct labor [all variable] 229,445
Variable overhead 249,065
Fixed overhead 159,140
Variable selling and administrative 325,910
Fixed selling and administrative 163,500

What was X Company's contribution margin rate?

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