Company''s contribution margin rate

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Reference no: EM13922301

The following are last year's revenues and total costs for X Company:

Revenue	$1,747,310
Direct materials	255,730
Direct labor [all variable]	300,670
Variable overhead	300,135
Fixed overhead	156,220
Variable selling and administrative	285,155
Fixed selling and administrative	160,500

What was X Company's contribution margin rate?

Reference no: EM13922301

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