Affinity Makes a Single Product, Pool Pumps How Much Is the Contribution Margin Per Unit of Inventory

question 99

Multiple Choice

Affinity makes a single product, pool pumps.Information for 2017 appears below: $$\begin{array} { l r } \text { Sales in units } & 5,800 \\\text { Production in units } & 6,200 \\\text { Beginning inventory } & 1,500 \\\text { Variable production cost per unit } & \$ 46.00 \\\text { Variable selling cost per unit } & \$ 6.00 \\\text { Fixed production cost per year } & \$ 31,000 \\\text { Fixed selling and administrative cost per year } & \$ 24,000 \\\text { Selling price per unit } & \$ 75.00\end{array}$$ How much is the contribution margin per unit of inventory?

• A)$29.00
• B)$24.00
• C)$23.00
• D)$18.00

Comprehend enforcement powers and penalties attributable to the Consumer Financial Protection Bureau.

Understand warranty regulations under the Magnuson-Moss Warranty Act.

Understand the key principles of Marxist-feminist theories and their critique of family structure in capitalism.

Recognize the concept and significance of domestic labor and social reproduction within a household.

---

Definitions:

Depletion

An accounting method used to allocate the cost of extracting natural resources, such as minerals or timber, from the earth, reflecting the consumption of the resource over time.

Expense Account

An account used in accounting to record costs or expenses incurred by a business or individual for operational purposes.

Metal Ores

Naturally occurring solid materials from which metals can be extracted through mining and processed for use.

Residual Value

The forecasted financial value of an asset as it approaches the close of its effective life.