Multiply or Divide as Indicated $3 \frac { 1 } { 3 } \cdot 1 \frac { 1 } { 5 }$

question 193

Multiple Choice

Multiply or divide as indicated. Write the answer in lowest terms.
- $3 \frac { 1 } { 3 } \cdot 1 \frac { 1 } { 5 }$

• A) 5
• B) \(3 \frac { 2 } { 15 }\)
• C) 7
• D) 4

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Definitions:

Contribution Margin

A financial metric that represents the amount of revenue from sales that exceeds variable costs, contributing towards covering fixed costs and profit.

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period, before any deductions for expenses.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity level.

Manufacturing Costs

The total expense involved in the manufacturing process, including direct materials, direct labor, and overhead costs.