Use the Following Information for Questions
in September, Smith

question 26

Multiple Choice

Use the following information for questions
In September, Smith Company had the following financial statement amounts related to producing 500 units:
$\begin{array}{ll}\text { Direct materials } & \$ 27,000 \\\text { Depreciation expense } &11,000\\\text { Sales revenue } & 95,000 \\\text { Direct labour } & 23,000 \\\text { Rent expense } & 25,000\end{array}$
-How much is total contribution margin for September?

• A)$45,000
• B)$9,000
• C)$68,000
• D)$20,000

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Definitions:

Social Classes

The categorization of members of a society into rankings of socioeconomic tiers based on factors such as wealth, occupation, and education.

Fraternal Polyandry

A marital arrangement in which two or more brothers share a wife, practiced in some societies for social and economic reasons.

Tibet

An autonomous region in China known for its unique culture, religious practices, and as the home of Tibetan Buddhism.

Labor Force

The total number of people available to work, including both the employed and the unemployed who are seeking employment.