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A Company Has the Following Information for the Current Month

question 49

Multiple Choice

A company has the following information for the current month of operations:  Raw materials used $37,500 Sales ( $97.50 per unit)  $117,000 Direct labor $63,000 Variable factory overhead $25,500 Fixed factory overhead  unknown  Variable selling and administrative $4,500 Fixed selling and adminis trative $7,500 Gross profit $45,000 Contribution margin  unknown \begin{array}{ll}\text { Raw materials used } & \$ 37,500 \\\text { Sales ( } \$ 97.50 \text { per unit) } & \$ 117,000 \\\text { Direct labor } & \$ 63,000 \\\text { Variable factory overhead } & \$ 25,500 \\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable selling and administrative } & \$ 4,500 \\\text { Fixed selling and adminis trative } & \$ 7,500 \\\text { Gross profit } & \$ 45,000 \\\text { Contribution margin } & \text { unknown }\end{array}

 Inventories:  Beginning  Ending  Raw materials 0$10,500 WIP 0 none  Finished goods 01,200 units \begin{array}{lll}\text { Inventories: } & \text { Beginning } & \text { Ending } \\\text { Raw materials } & 0 & \$ 10,500 \\\text { WIP } & 0 & \text { none } \\\text { Finished goods } & 0 & 1,200 \text { units }\end{array} were produced during the period.


Definitions:

Medulla Oblongata

The lower portion of the brainstem, which controls autonomic functions such as breathing, heart rate, and digestion.

Brainstem

The lower extension of the brain where it connects to the spinal cord, responsible for controlling many basic life functions such as breathing and heart rate.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, extending from the brainstem down the vertebral column, playing a critical role in transmitting neural signals between the brain and the rest of the body.

Pyramids

Structures in the medulla oblongata of the brain involved in the transmission of motor signals to the spinal cord.

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