Lit Furniture Manufactures a Small Table and a Large Table

question 78

True/False

Lit Furniture manufactures a small table and a large table. The small table sells for $900, has variable costs of $750 per table, and takes 7.5 labor hours to manufacture. The large table sells for $1,500, has variable costs of $900, and takes 15 direct labor hours to manufacture. The small table has a lower contribution margin per unit, but a higher contribution margin per direct labor hour.

---

Definitions:

Cholecystogram

A diagnostic imaging test that examines the gallbladder for stones, inflammation, or other conditions, typically using x-ray after the administration of a contrast dye.

Contrast Medium

A substance used in medical imaging to improve the visibility of internal bodily structures.

Form

The visible shape or configuration of something, often considered in terms of structure or design.

Barium

A chemical element, symbol Ba, that is used in manufacturing, fireworks, and medical imaging.