Keith Corp

question 7

Multiple Choice

Keith Corp.has sales of $200,000,a contribution margin ratio of 35%,and a profit of $40,000.If 10,000 units were sold,what is the variable cost per unit?

• A)$13.00
• B)$20.00
• C)$7.00
• D)$3.00

---

Definitions:

Quarterly Payments

Payments made every three months during a fiscal year, often used for taxes, insurance, or interest payments.

Life Policy

An insurance contract that pays a designated beneficiary a sum of money upon the death of the insured person.

Maximum Loan

The highest amount of money that a lender is willing to lend to a borrower, determined by factors such as creditworthiness and collateral.

Life Policy

A contract with an insurance company that pays out a sum of money either on the death of the insured person or after a set period.