Chance,Inc

question 27

Multiple Choice

Chance,Inc.sold 3,000 units of its product at a price of $72 per unit.Total variable cost per unit is $51,consisting of $32 in variable production cost and $19 in variable selling and administrative cost.Compute the manufacturing margin for the company under variable costing.

• A)$96,000
• B)$63,000
• C)$120,000
• D)$216,000
• E)($90,000)

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Definitions:

Symmetry

The property of being made up of exactly similar parts facing each other or around an axis; often used in design and analysis to simplify problems and solutions.

Gray Iron

A type of cast iron known for its graphitic microstructure, offering good machinability, conductivity, and wear resistance.

Resistance

The opposition to the flow of electric current, or, in a broader sense, the opposition encountered by a force.