Question
Karnak Corporation, a wholesale company, has provided the following data: Sales per period: 1,000 units Selling price: 35 per unit; Variable production cost: KD 15
Karnak Corporation, a wholesale company, has provided the following data:
Sales per period: 1,000 units
Selling price: 35 per unit; Variable production cost: KD 15 per unit
Selling expenses: KD 5,000 plus 5% of selling price
Administrative expenses: KD 3,000 plus 10% of selling price
The contribution margin ratio is closest to:
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
