Raghu Manufacturing has sales of $2,450,000 with direct materials cost of $265,000, direct labor of $389,000, variable overhead of $125,000, and fixed costs of $328,500. What is Raghu's contribution margin rate?
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Contribution margin rate?
![Raghu Manufacturing has sales of
$2,450,000 with direct materials cost of
$265,000, direct labor of $389,000,
variable overhead of $125,000, and fixed
costs of $328,500.
What is Raghu's contribution margin
rate?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc70f06a0-2f5c-4244-982f-c7b549ce00f3%2F13be068b-8b8c-464c-8076-665c0022b6f4%2Ffzy7v8k_processed.jpeg&w=3840&q=75)
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