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Kingston Company sells its product for $100 per unit. The company's accountant provided the following cost information: Manufacturing costs $ 27,500 + 48 % of
Kingston Company sells its product for $100 per unit. The company's accountant provided the following cost information:
| Manufacturing costs | $ | 27,500 | + | 48 | % | of sales | |
| Selling costs | $ | 10,200 | + | 24 | % | of sales | |
| Administrative costs | $ | 24,000 | + | 8 | % | of sales | |
What is Kingston Company's contribution margin ratio?
Multiple Choice
10%
20%
40%
24%
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Financial Accounting
Authors: Alan Melville
2nd Edition
0273634399, 978-0273634393
