The Following Costs Have Been Estimated Based on Sales of 30,000

question 80

Multiple Choice

The following costs have been estimated based on sales of 30,000 units:
$\begin{array}{lcc}& \text {Total Annual }& \text { Percent That Is}\\& \text {Costs}& \text {Variable}\\ \text { Direct materials } & \$ 300,000 &100\%\\ \text { Direct labor } & 250,000&100\% \\\text { Manufacturing overhead } &250,000&100\%\\ \text { Selling and administrative}&150,000&25 \%\end{array}$
What selling price (rounded to two decimal places) will yield a contribution margin of 40%?

• A) $59.38
• B) $43.75
• C) $39.58
• D) $33.25

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Definitions:

Liberal Biases

A tendency to favor perspectives, information, or outcomes aligned with liberal or progressive viewpoints, often highlighted in media or academic contexts.

Conservative Biases

Preferences or inclinations that favor traditional values, beliefs, and practices, especially those related to political conservatism.

U.S. Information Agency

A federal agency responsible for managing America's international informational and cultural exchange and propaganda programs until it was dissolved into the State Department in 1999.

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The tendency of a source of information to skew presentation or analysis in favor of a particular viewpoint or interest.