Fiesta Supply Company Compiled the Following Data in Order to Assess

question 66

Multiple Choice

Fiesta Supply Company compiled the following data in order to assess the weighted average contribution margin per unit of two of the company's best-selling party items; the dome tent and the portable gazebo. 1. What is the contribution margin of the dome tent?
2) What is the weighted-average contribution margin per unit?

• A)$960; $293.33
• B)$660; $1760
• C)$600; $240
• D)$800; $6

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Definitions:

Making Products

Turning raw materials, components, or parts into completed products that fulfill a customer's demands or specifications is the process involved.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including cost of materials and labor.

Finished Goods

Items that are fully manufactured but remain unsold to consumers.

Conversion Costs

Costs associated with converting raw materials into finished products, which typically include both direct labor costs and manufacturing overhead costs.