Reference: 08-15
Jimbob Co There Were No Beginning Inventories

question 60

Multiple Choice

Reference: 08-15
Jimbob Co.'s records include the following information for the month of January: $$\begin{array} { | l | l | l | } \hline \text { Units manufactured } & & 5,000 \\\hline \text { Units sold } & & 4,000 \\\hline \text { Selling price per unit } && \$ 50 \\\hline \text { Variable manufacturing costs per unit: } & & \\\hline \text { Direct materials } & & \$ 5 \\\hline \text { Direct labour } && \$ 2 \\\hline \text { Manufacturing overhead } && \$ 1 \\\hline \begin{array} { l } \text { Variable selling and administrative expenses per } \\\text { unit sold }\end{array} && \$ 1 \\\hline \text { Total fixed costs: } & & \\\hline \text { Manufacturing overhead } & & \$ 10,000 \\\hline \text { Selling and administrative expenses } && \$ 20,000 \\\hline\end{array}$$ There were no beginning inventories.
-Using variable costing, what is the contribution margin per unit for January

• A)$42.00.
• B)$41.00.
• C)$38.50.
• D)$33.50.

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Definitions:

Work-life Balance

The equilibrium between personal life and work responsibilities, allowing for well-being in both areas.

Action Plans

Detailed strategies outlining steps, resources, and timelines to achieve specific goals.

Mission Statement

An articulation of the purpose of the organization and the value it creates for customers.

Organizational Goals

Objectives or targets that a company aims to achieve, which guide its internal strategy and operational decisions.