A cement manufacturer has supplied the following data: Tons of cement produced and sold 315,000 Sales revenue $ 1,019,000 Variable manufacturing expense $ 240,000 Fixed manufacturing expense $ 337,000 Variable selling and administrative expense $ 167,600 Fixed selling and administrative expense $ 101,000 Net operating income $ 173,400 The company's contribution margin ratio is closest to:
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A cement manufacturer has supplied the following data: Tons of cement produced and sold 315,000 Sale...
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