An Organization Is Projecting Sales of 100,000 Units, at a Unit

question 236

Multiple Choice

An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

• A) $350,000
• B) $500,000
• C) $850,000
• D) $1,200,000

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Definitions:

American Railway Union

A short-lived but significant labor union in the United States, founded in 1893 by Eugene V. Debs, that sought to unify all railroad workers, regardless of craft or job function, into one organization.

Pullman Cars

Luxury railway cars that were introduced in the 19th century, offering sleeping accommodations and other amenities, revolutionizing long-distance train travel.

Gilded Age

A period in the late 19th century marked by rapid economic growth, technological advancement, and ostentatious wealth amidst widespread social issues in the United States.

Farmers

Individuals engaged in agriculture, raising living organisms for food or raw materials.