Bill Needles Makes and Sells Customized Silver Belt Buckles for $225

question 134

Multiple Choice

Bill Needles makes and sells customized silver belt buckles for $225 each.He has determined that his fixed costs are $8,000,and his average variable costs per buckle are $145.
-Refer to Bill Needles.What is his fixed cost contribution per buckle?

• A)$45
• B)$80
• C)$88.89
• D)$170

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Definitions:

Actual Output

The real, quantifiable production achieved within a given time period, often compared against planned or potential output.

Labor Efficiency Variance

The difference between the actual labor hours worked and the expected labor hours, multiplied by the standard labor rate, indicating efficiency in labor use.

Labor Rate Variance

A metric that calculates the difference between the actual and expected cost of labor.

Labor Efficiency Variance

The difference between the actual labor hours used and the standard labor hours expected for the level of production achieved, indicating labor productivity.