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Vaughn Manufacturing reported the following information for the current year: Sales (53000 units) $1060000, direct materials and direct labor $530000, other variable costs $53000, and

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Vaughn Manufacturing reported the following information for the current year: Sales (53000 units) $1060000, direct materials and direct labor $530000, other variable costs $53000, and fixed costs $360000. What is Vaughn's contribution margin ratio? 33%

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