Answer the Following Questions Using the Information Below

question 3

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-Fixed costs equal $12,000, unit contribution margin equals $20, and the number of units sold equal 1,600. Operating income is:

• A)$12,000
• B)$20,000
• C)$32,000
• D)$40,000

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Definitions:

White House

The official residence and workplace of the President of the United States, located in Washington, D.C.

House

A legislative body or chamber, often part of a bicameral government system, such as the House of Representatives in the United States.

Party Unity

The degree to which members of a political party share common goals and demonstrate a collective stance on legislative and policy issues.