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The Southern Co. manufactures office chairs. The following information for the month of June is available: Selling price per chair $190 Variable cost per

The Southern Co. manufactures office chairs. The following information for the month of June is available: Selling price per chair $190 Variable cost per chair 90 Total fixed cost 110,000 What is the company's contribution margin ratio? (Round answer to two decimal places.) a. 62.63% O b. 72.71% O C. 47.37% O d. 52.63%

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