Orchid Corp

question 64

Multiple Choice

Orchid Corp.has a selling price of $15,variable costs of $10 per unit,and fixed costs of $25,000.If Orchid sells 13,000 units,contribution margin will equal:

• A)$195,000
• B)$145,000
• C)$40,000
• D)$65,000

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.