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Keith Company Produces Flash Drives for Computers, Which It Sells

question 151

Multiple Choice

Keith Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?


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Equity

Fair treatment and fairness in opportunity, distribution of resources, and recognition within an organization or society.

Social Responsibility

The obligation of individuals, groups, or organizations to act for the benefit of society at large, considering the impact of their activities.

High Status Persons

Individuals who hold a position of power, prestige, or high social standing within a group or society.

Communication

The process of exchanging information, ideas, thoughts, and feelings between people through speech, writing, visuals, or behavior.

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