A manufacturer of cedar shingles has supplied the following dа ta: Bundles of cedar shakes produced and sold 257,000 Sales revenue $ 2,081,700 Variable manufacturing expense $ 974,700 Fixed manufacturing expense $ 503,000 Variable selling and administrative expense $ 259,700 Fixed selling and administrative expense $ 289,000 Net operating income $ 55,300 The company's contribution margin ratio is closest to: (Do not round intermediate calculations. Round your answer to whole percentage.) 59% 68% 32% 41%
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