Assume That Widgeon Co

question 59

Multiple Choice

Assume that Widgeon Co. produced enough product with the highest contribution margin per unit to use 1,000 hours of machine time. Product demand does not warrant any more production of that product. The maximum additional contribution margin that can be realized by utilizing the remaining 1,000 hours on the product with the second highest contribution margin per hour is

• A)$35,000
• B)$7,000
• C)$4,000
• D)$28,000

Calculate the year-end balance for investments with monthly compounding.

Convert monthly interest rates into effective annual interest rates (EAR).

Calculate the present value of annuities and perpetuities.

Determine monthly deposit amounts needed to reach financial goals.

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