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

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

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