Payton Corp

question 68

Multiple Choice

Payton Corp.has sales of $200,000,a contribution margin ratio of 35%,and a target profit of $40,000.If 10,000 units were sold,what are total variable costs?

• A)$200,000
• B)$130,000
• C)$240,000
• D)$160,000

---

Definitions:

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering the ability to see alternative uses or solutions.

Mental Set

A framework or mindset that shapes how a person approaches problems, based on previous experiences and perceptions.

Restructuring

Restructuring in psychology refers to the process of identifying and altering maladaptive thought patterns to improve emotional regulation and behavior.

General Intelligence

A theory proposing that a single factor underlies many cognitive abilities, such as reasoning, problem-solving, and knowledge.