Kingston Company Sells Its Product for $200 Per Unit What Is Kingston Company's Contribution Margin Ratio?
A) 30%
B)

Multiple Choice

Kingston Company sells its product for $200 per unit.The company's accountant provided the following cost information: $\begin{array}{|l|l|}\hline \text { Manufacturing costs } & \$ 25,000+40 \% \text { of sales } \\\hline \text { Selling costs } & \$ 10,000+20 \% \text { of sales } \\\hline \text { Administrative costs } & \$ 15,000+10 \% \text { of sales } \\\hline\end{array}$ What is Kingston Company's contribution margin ratio?

A) 30%
B) 15%
C) 35%
D) 20%