Karnak Corporation, a wholesale company, has provided the following data:

Sales per period: 1,000 units

Selling price: 35 per unit; Variable production cost: KD 15 per unit

Selling expenses: KD 5,000 plus 5% of selling price

 Administrative expenses: KD 3,000 plus 10% of selling price

 The contribution margin ratio is closest to?

Answer rating: 100% (QA)

First lets calculate the total variable cost per unit Variable cost per unit Variable ... View the full answer