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Kingston Company sells its product for $100 per unit. The company's accountant provided the following...

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Accounting

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%

Answer & Explanation Solved by verified expert
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