A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 390,000 Sales revenue$1,860,000 Variable manufacturing expense$951,000 Fixed manufacturing expense$248,000 Variable selling and administrative expense$333,000 Fixed selling and administrative expense$214,000 Net operating income$114,000 The company's contribution margin ratio is closest to: Multiple Choice 48.9% 82.1% 31.0% 75.2%
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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 390,000...
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