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Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct...

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Question

Accounting

Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct materials and direct labor $600,000, other variable costs $80,000, and fixed costs $360,000. What is Boswells contribution margin ratio?

a.

55%.
b.

15%.
c.

25%.
d.

45%.

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