Hatfield Company, Which Has Only One Product, Has Provided the Following

question 1

Multiple Choice

Hatfield Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array} { | l | r | } \hline \text { Selling price } & \$ 123 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 6,400 \\\hline \text { Units in ending inventory } & 300 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 45 \\\hline \text { Direct labour } & \$ 30 \\\hline \text { Variable manufacturing overhead } & \$ 1 \\\hline \text { Variable selling and administrative } & \$ 8 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 140,800\\ \hline \text { Fixed selling and administrative } & \$ 91,500 \\\hline\end{array}$

-What was the total contribution margin for the month under the variable costing approach?

• A) $97,100.
• B) $152,500.
• C) $237,900.
• D) $286,700.

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Definitions:

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Thaddeus Stevens

A nineteenth-century U.S. politician and fierce advocate for abolition and civil rights, particularly known for his role in shaping Reconstruction policies.

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Goals or objectives that are challenging and require considerable effort or determination to achieve.

Reconstruction Act

1867 law that established temporary military governments in ten Confederate states—excepting Tennessee—and required that the states ratify the Fourteenth Amendment and permit freedmen to vote.