Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 29, 2024

Kingston Company sells its product for $200 per unit. The company's accountant provided the following cost information: Manufacturing costs $20,200+ 44% of sales Selling

Kingston Company sells its product for $200 per unit. The company's accountant provided the following cost information: Manufacturing costs $20,200+ 44% of sales Selling costs $17,200+ 22% of sales Administrative costs $29,700+ 10% of sales What is Kingston Company's contribution margin ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Texts and Cases

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

13th edition

1259097129, 978-0073379593, 007337959X, 978-1259097126

More Books

Students also viewed these Accounting questions

Question

★★★★★

A company operates a standard absorption costing system and absorbs fixed production overheads based on machine hours. The budgeted fixed production overheads for the company for the previous year...

Answered: 1 week ago

Question

★★★★★

If 1 = 2 o for region 1 (0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Does alerting shoppers at a grocery store regarding the healthiness (or lack thereof) of energy dense snack foods change the shopping habits of overweight individuals? To answer this question,...

Answered: 1 week ago

Question

★★★★★

Show how empiricism evolved from a method (epistemology) under Bacon to a position about existence (ontology) in the work of Berkeley and Hume.

Answered: 1 week ago

Question

★★★★★

Clark and Julie Anderson are interested in purchasing a new boat and have limited their choice to one of three boats manufactured by Sea Ray, Inc.: the 220 Bowrider the 230 Overnighter, and the 240...

Answered: 1 week ago

Question

★★★★★

I need help on this question. I have gotten far to making the class Line as an object and defining the slope function, but I am not sure about the rest of the information. Please explain this...

Answered: 1 week ago

Question

★★★★★

Central Systems, Inc. desires a weighted average cost of capital of 8 percent. The firm has an after-tax cost of debt of 5 percent and a cost of equity of 10 percent. What debt-equity ratio is needed...

Answered: 1 week ago

Question

★★★★★

27. Question 27 The newest recruits of Adventure Works sit eagerly in the training room. As the company's chief data analyst, you're tasked with introducing them to the company's data-driven culture....

Answered: 1 week ago

Question

★★★★★

1. Wembley Marketing Ltd. v. ITEX Corp. , 2008 CanLII 67425 (ON SC) Wembley claimed it did not receive goods and services from ITEX for which it had paid. ITEX argued that the action should not...

Answered: 1 week ago

Question

★★★★★

4.- In a print run of 2500 books, it is estimated that the probability of having a badly bound book is 0.01%. Calculate the probability that the print run has two books with bad bindings. What is the...

Answered: 1 week ago

Question

★★★★★

Why does Barcelona COO Scott require managerial candidates write an essay about their experiences on the stage two "shop?" to determine the candidate's experience working with others to determine the...

Answered: 1 week ago

Question

★★★★★

Number 1 and 2 show all work please ? 1) Based on the graph below estimate the instantaneous velocity at the following times: (a) 1.0 s; (b) 2.5 s; (c) 3.5 s; (d) 4.5 s; (e) 5.0 s; x (m) 15 10 5 0 t...

Answered: 1 week ago

Question

★★★★★

1 . Why did the NKR originally decide to pursue outsourcing its data infrastructure and site hosting? 2 . What was the first service that the NKR migrated to Rackspace? What services did it migrate...

Answered: 1 week ago

Question

★★★★★

Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...

Answered: 1 week ago

Question

★★★★★

A listing of a business entitys assets, liabilities, and owners equity as of a specific date is: A. a balance sheet. B. an income statement. C. a retained earnings statement. D. a statement of cash...

Answered: 1 week ago

Question

★★★★★

What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?AppendixLO1

Answered: 1 week ago

Question

★★★★★

what is the objective of most businesses?AppendixLO1

Answered: 1 week ago

Previous Question Next Question