A Company Has a Gross Margin of 58 Percent and an Operating

question 81

Multiple Choice

A company has a gross margin of 58 percent and an operating margin of 29 percent. If the operating income is $20,500, what is the gross profit?

• A) $42,109
• B) $43,208
• C) $41,000
• D) $43,876
• E) $44,524

Understand the relationship between surface area-to-volume ratio and nutrient uptake in fungi.

Recognize the role and impact of fungi in public health, including the production of carcinogenic compounds.

Identify the benefits and limitations of using fungi and lichens as environmental indicators.

Understand the evolutionary relationships between fungi, animals, and other life forms.

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Definitions:

Machine Hours

A measure of the amount of time a machine is operated, used in costing and operational efficiency analysis.

Single Plantwide Factory Overhead Rate

A method of allocating manufacturing overhead costs uniformly across all units produced within a single factory.

Direct Labor Hours

The total hours worked by employees who are directly involved in the production of goods or services.

Regular Widget Production

The routine manufacture of a standardized product, often referred to in examples to illustrate production and economic concepts.