A Company Has the Following Information for Its First Month

question 32

Multiple Choice

A company has the following information for its first month of operations: $\begin{array}{ll}\text { Raw materials used } & \$ 37,500 \\\text { Sales }(\$ 97.50 \text { per unit) } & \$ 117,000 \\\text { Direct labor } & \$ 63,000 \\\text { Variable factory overhead } & \$ 25,500 \\\text { Fixed factory overhead } & \text { unknown }\\\text { Variable selling and administrative } & \$ 4,500 \\\text { Fixed selling and adminis trative } & \$ 7,500 \\\text { Gross profit } & \$ 45,000 \\\text { Contribution margin } & \text { unknown }\end{array}$ The company sold half of the units it produced. _ is the cost of goods sold under absorption costing.

• A) $63,000
• B) $45,000
• C) $117,000
• D) $72,000

Develop strategies for counseling couples experiencing external stressors.

Propose initiatives to strengthen marriages among low-income families by addressing external stress factors.

Understand the basics of DNA structure and function, including the role of genes and the concept of base pairing.

Recognize the impact of environment and genetics on development, including the role of teratogens and genetic disorders.

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Definitions:

Product Defect

A flaw or fault in a product that could make it dangerous or fail to perform its intended purpose.

Ordinary Consumer

An average or typical user of goods or services, used as a standard in legal settings for consumer protection.

Expert Testimony

A form of evidence provided by an individual with specialized knowledge or expertise relevant to a particular case or issue.

Product Liability Suits

Legal claims brought against manufacturers, distributors, suppliers, or retailers for damages that consumers suffer because of defects in goods.