Answer the Following Questions Using the Information Below:
Hobart Garden

question 103

Multiple Choice

Answer the following questions using the information below:
Hobart Garden Centre provides the following information for the month of May:
$$\begin{array} {c}&&&&&&&&&&&&&&&& { \text { Actual } } &&&&&&& & { \text { Budget } } \\\end{array}\\\begin{array} { l r r r r } & \text { Tulips } & \text { Geraniums } & \text { Tulips } & \text { Geraniums } \\\text { Sales in urits } & 1950 & 1800 & 2250 & 1500 \\\text { Contribution margin per urit } & \$ 11 & \$ 18 & \$ 10 & \$ 20\end{array}$$
-What is the budgeted contribution margin per composite unit for the budgeted mix?

• A)$14.80
• B)$14.00
• C)$14.36
• D)$13.80

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Definitions:

Loads

Charges or fees that investors pay when buying or selling mutual funds, often used to compensate sales intermediaries.

Opportunity Cost

The value of the next best alternative foregone as a result of making a decision.

Cakes

Baked desserts that are typically sweet and made from ingredients such as flour, sugar, and eggs.

Absolute Advantage

A scenario in which a country can produce a particular good or service more effectively than another country with the same amount of resources.