Answer the Following Questions Using the Information Below

question 109

Multiple Choice

Answer the following questions using the information below:
Sherry's Custom Jewelry sells a single product. 700 units were sold resulting in $7,000 of sales revenue, $2,800 of variable costs, and $1,200 of fixed costs.
-Contribution margin per unit is:

• A)$4.00
• B)$4.29
• C)$6.00
• D)None of these answers are correct.

---

Definitions:

Liable for Payment

Refers to the obligation of an entity or individual to make monetary compensation for goods, services, or penalties.

Flexible Benefit Programs

Employee benefits plans allowing workers to choose from a range of benefit options to tailor their compensation package to their personal needs and preferences.

Administrative Costs

Expenditures associated with the general administration and operation of a business, including salaries of non-production staff and office supplies.

Employee Participation

The involvement of employees in the decision-making processes of an organization, often aimed at improving commitment, productivity, and job satisfaction.