Question: help Sheffield Corp. reported the following information for the current year: Sales ( 56000 units) $1120000, direct materials and direc labor $649600, other variable costs

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Sheffield Corp. reported the following information for the current year: Sales ( 56000 units) $1120000, direct materials and direc labor $649600, other variable costs $56000, and fixed costs $360000. What is Sheffield's contribution margin ratio? 63%34%37%66%

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