Answer the Following Questions Using the Information Below

question 66

Multiple Choice

Answer the following questions using the information below:
Nancy's Niche sells a single product. 8,000 units were sold resulting in $80,000 of sales revenue, $20,000 of variable costs, and $10,000 of fixed costs.
-To determine contribution margin use:

• A)only variable manufacturing costs
• B)only fixed manufacturing costs
• C)both variable and fixed manufacturing costs
• D)both variable manufacturing costs and variable nonmanufacturing costs

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Definitions:

Eastern Culture

Refers to the customs, traditions, and social values originating from countries in Asia, emphasizing communal living and philosophies like Confucianism and Buddhism.

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