Use the Following Information for Questions
in September, Smith

question 31

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 the contribution margin per unit?

• A)$45,000
• B)$9,000
• C)$90
• D)$18

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Definitions:

Personal Time

An individual's free time not occupied by work or obligatory activities, allowing for rest, hobbies, or personal pursuits.

Tax Withheld

Refers to income tax that is deducted directly from an employee's salary and paid to the government by the employer.

Marital Status

A legal or social recognition of a person's relationship, indicating whether they are single, married, divorced, etc.

Number of Exemptions

Refers to the count of allowances on a tax return that reduces the amount of income that is subject to tax, based on the taxpayer's family size or specific other criteria.