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:

Third Quartile

The value below which 75% of the data fall, often represented as Q3 in statistics.

First Quartile

The 25th percentile of a data set, below which lies 25% of the data.

Skewness

A measure of the shape of a data distribution. Data skewed to the left result in negative skewness; a symmetric data distribution results in zero skewness; and data skewed to the right result in positive skewness.

Skewed Right

A distribution of data where most values are concentrated on the left side, with the tail extending to the right.