Krepps Corporation Produces a Single Product

question 363

Multiple Choice

Krepps Corporation produces a single product. Last year, Krepps manufactured 32,210 units and sold 26,700 units. Production costs for the year were as follows: Sales totaled $1,241,550 for the year, variable selling and administrative expenses totaled $138,840, and fixed selling and administrative expenses totaled $199,702. There was no beginning inventory. Assume that direct labor is a variable cost.The contribution margin per unit was:

• A) $26.30 per unit
• B) $21.10 per unit
• C) $16.80 per unit
• D) $22.80 per unit

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Definitions:

Growth Spurt

A period of rapid physical growth experienced during adolescence.

White Matter

White matter is a component of the brain and spinal cord, consisting of myelinated nerve fibers, which facilitate the transmission of signals within the nervous system.

Gray Matter

A crucial element of the central nervous system that comprises neuronal cell bodies, dendrites, and axons without myelin, plays a significant role in processing and cognitive functions.

Primary Sexual Characteristics

The anatomical or physiological traits directly involved in reproduction, such as ovaries in females and testes in males.