Porter Company Has Provided the Following Data for the Second

question 26

Multiple Choice

Porter Company has provided the following data for the second quarter of the most recent year:
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 300,000 \\\hline \text { Fixed Manufacturing Overhead } & 55,000 \\\hline \text { Direct Labour } & 72,500 \\\hline \text { Fixed Selling Expenses } & 46,250 \\\hline \text { Variable Manufacturing Overhead } & 41,000 \\\hline \text { Variable Administrative Expenses } & 48,000 \\\hline \text { Direct Materials } & 51,500 \\\hline \text { Fixed Administrative Expenses } & 44,500 \\\hline \text { Variable Selling Expenses } & 49,750 \\\hline\end{array}$ Assume that direct labour is a variable cost and that there was no beginning or ending inventories.



-What was the total contribution margin of Porter Company for the second quarter?

• A) $37,250.
• B) $87,000.
• C) $176,000.
• D) $211,000.

Recognize the purpose and composition of a demographic profile in customer targeting.

Understand the implications and requirements of franchise license agreements related to product purchase.

Understand the components and relevance of social cognitive theory in learning behaviors.

Comprehend the stages and implications of the ACT theory on learning.

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Definitions:

Wage Gap

The disparity in earnings between different groups, often highlighted between genders or races for similar work and qualifications.

Cornerstone of Prosperity

A fundamental basis or condition required for economic growth or success.

Socialist Model

An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Vertical Integration

Company’s avoidance of middlemen by producing its own supplies and providing for distribution of its product.