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.

Understand the process and importance of random assignment in experimental conditions.

Recognize the ethical requirements for research with human subjects, including informed consent and confidentiality.

Identify and interpret dependent and independent variables in research scenarios.

Distinguish between different research designs (e.g., experimental, correlational, quasi-experimental, longitudinal).

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Definitions:

Pragmatic

A practical approach to problems and affairs, focusing on the results and consequences of actions.

Empirical Reasoning

A method of thinking that relies on observation and experience rather than theory or pure logic.

Climate Change

The significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.