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From the past data, sales were reported as $901,000, and incurring variable cost is $186,800....

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Accounting

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From the past data, sales were reported as $901,000, and incurring variable cost is $186,800. Determine the contribution margin ratio. (Round the percentage to two decimal places) Choose an answer a. Contribution margin ratio is 59.45%. b. Contribution margin ratio is 63.41%. c. Contribution margin ratio is 71.34%. d. Contribution margin ratio is 79.27%

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