Answer the Following Questions Using the Information Below:
Mariposa Corporation

question 174

Multiple Choice

Answer the following questions using the information below:
Mariposa Corporation sells "Bigger", its only product. The following information is available for the current month:
$\begin{array}{lr}\text { Selling price per unit } & \$ 100 \\\text { Standard fixed manufacturing costs per unit } & \$ 50 \\\text { Variable selling and administrative costs per unit } & \$ 8 \\\text { Standard variable manufacturing costs per unit } & \$ 2 \\\text { Fixed selling and administrative costs } & \$ 40,000 \\\text { Units produced } & 10,000 \text { units } \\\text { Units sold } & 9,600 \text { units }\end{array}$
-What is the variable costing breakeven point in units?

• A) 833 units
• B) 5,556 units
• C) 5,838 units
• D) 6,000 units

Understand the concept and elements of consideration in contract formation.

Distinguish between unilateral and bilateral contracts and their requirements.

Recognize the role of forbearance as a form of consideration.

Comprehend the criteria for enforceable agreements and the necessity of mutual consideration.

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Definitions:

Blogs

Websites or sections of websites that are updated regularly with new content, usually written articles or posts on various topics.

Specific Organizations

Particular entities or groups formed for a distinct purpose, often structured and managed to meet a need or pursue collective goals.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Scholastic Aptitude

A person's natural ability or potential for academic learning and performance.