Jackie's Snacks Sells Fudge, Caramels, and Popcorn

question 178

Multiple Choice

Jackie's Snacks sells fudge, caramels, and popcorn. It sold 12,000 units last year. Popcorn outsold fudge by a margin of 2 to 1. Sales of caramels were the same as sales of popcorn. Fixed costs for Jackie's Snacks are $14,000. Additional information follows: The weighted average contribution margin for the three products of Jackie's Snacks is

• A)$11.20.
• B)$ 0.65.
• C)$ 2.00.
• D)$50.00.

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Definitions:

Sten Score

A standardized score ranging from 1 to 10, used in psychology to compare individuals' traits or responses.

Raw Scores

The unadjusted scores obtained directly from the number of questions answered correctly on a test or assessment.

Test-retest Reliability

The consistency of a test's results when the same subjects take the same test again after a period of time.

Standard Score

A score that has been transformed to fit a normal distribution, usually with a mean of 100 and a standard deviation of 15.