Use the Accompanying Figure

question 2

Multiple Choice

$\begin{array}{|l|c|c|}\hline {\text { Item }} & \text { Quantity Needed } & \text { Cost } \\\hline 8 \text { Spark plugs } & 1 \text { set } & \$ 31.84 \\\text { Spark plug wires } & 1 \text { set } & \$ 73.92 \\\text { Distributor cap } & 1 & \$ 24.16 \\\text { Rotor } & 1 & \$ 9.10 \text { each } \\\text { Labor } & \text { Flat rate } & \$ 80.00 \\5 \% \text { sales tax on } & & \\\text { parts only } & & \\\hline\end{array}$ Use the accompanying figure. The mechanic receives 55% of the labor charge. How much is received for this job?

• A) $44
• B) $55
• C) $66
• D) $77

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Definitions:

Annual Financial Advantage

A term referring to the overall financial benefit that an organization or project is expected to generate on a yearly basis.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue is contributing to covering fixed costs and generating profit.

Machine Hours

A measure of production time, quantifying how many hours machines were operational in a given period.

Industrial Fiber

A category of fiber materials that are primarily used for their physical properties and performance in industrial applications rather than their aesthetic or comfort attributes.