M and M, Inc. produces a product that has a variable cost of $3.10 per unit. The company's fixed costs are $49,300. The product is sold for $6 per unit and the company desires to earn a target profit of $11,600. What is the amount of sales that will be necessary to earn the desired profit? (Do not round intermediate calculations.) Multiple Choice $126,000 $102,000 $162,900 $326,600 Kingston Company sells its product for $100 per unit. The company's accountant provided the following cost information: Manufacturing costs $25,800+46% of sales Selling costs $19,300+23% of sales Administrative costs $22,500+ 9% of sales What is Kingston Company's contribution margin ratio? Multiple Choice 39% 22% E 17%