Wilson's Meats Has Computed Its Fixed Costs to Be

question 15

Multiple Choice

Wilson's Meats has computed its fixed costs to be $.60 for every pound of meat it sells given an average daily sales level of 500 pounds. It charges $3.89 per pound of top-grade ground beef. The variable cost per pound is $2.99. What is the contribution margin per pound of ground beef sold?

• A) $0.30
• B) $0.60
• C) $0.90
• D) $2.99
• E) $3.89

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Definitions:

Dominant

Refers to a trait, allele, or characteristic that overpowers or is more likely to be expressed than another in genetic inheritance.

Incomplete Dominance

A genetic phenomenon where the offspring's phenotype is a blend of the parents' phenotypes, rather than one dominating completely over the other.

Paired Genes

Genes that occur in pairs on chromosomes, influencing the development of hereditary traits.

Homozygous

A genetic condition where an individual has two identical alleles for a specific gene.