New Mexico Company Provided the Following Information Regarding Its Only

question 135

Multiple Choice

New Mexico Company provided the following information regarding its only product--skateboards. $\begin{array}{lr}\text { Direct materials used } & \$ 200,000 \\\text { Direct labor } & 80,000 \\\text { Fixed overhead } & 100,000 \\\text { Fixed selling and administrative costs } & 150,000 \\\text { Variable overhead } & 20,000 \\\text { Variable selling and administrative } & 60,000 \\\text { Selling unit price } & 80\\\text { Units produced and sold }&10,000\end{array}$ _____ is the contribution margin if the contribution approach is used.

• A)$350,000
• B)$390,000
• C)$470,000
• D)$500,000

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Definitions:

Negative Attitude

A general disposition of an individual to view things unfavorably or to expect outcomes to be bad.

Particular Group

Refers to a specific set of individuals distinguished by certain shared characteristics or interests.

Social Identity

An individual's sense of themselves based on their group membership(s), including the group's values, traditions, and cultural norms.

Self-Esteem

A personal appraisal by an individual of their worth or value.