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A cement manufacturer has supplied the following data: Tons of cement produced and sold 255,000...

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Accounting

A cement manufacturer has supplied the following data: Tons of cement produced and sold 255,000 Sales revenue $959,000 Variable manufacturing expense $228,000 Fixed manufacturing expense $301,000 Variable selling and administrative expense $136,420 Fixed selling and administrative expense $89,000 Net operating income $204,580 The company's contribution margin ratio is closest to:

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