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Viva sells its waterproof phone case for $ 1 0 6 per unit. Fixed costs total $ 2 0 2 , 0 0 0 ,

Viva sells its waterproof phone case for $106 per unit. Fixed costs total $202,000, and variable costs are $53 per unit.
Answer is complete but not entirely correct.
(1) Determine the contribution margin ratio.
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