Under absorption costing, all product costs are first recorded as assets in inventory accounts, and later transferred to the Cost of Goods Sold account when sold O O True False b es t Habitat Help Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 270 customers and the services to 665 customers Commercial $84000 31.000 44 000 Service Revenue Variable costs Foud Costs Operating income Residential $122.000 51.000 46 000 525.000 Total $200.000 82000 SW.000 What is the contribution margin ratio for Habitat Holo Company? (Round wwer to two decimal places OA 10.19% OC. 58.31% OD. 16.5%