Reference: 19_05
Red and White Company Reported the Following Monthly

question 88

Multiple Choice

Reference: 19_05
Red and White Company reported the following monthly data:
$\begin{array}{ll}\text { Units produced } & 2,000 \text { units } \\\text { Sales price } & \$ 25 \text { per unit } \\\text { Direct materials } & \$ 1 \text { per unit } \\\text { Direct labor } & \$ 2 \text { per unit } \\\text { Variable overhead } & \$ 3 \text { per unit } \\\text { Fixed overhead } & \$ 8,000 \text { in total }\end{array}$

-What is the Red and White's contribution margin for this month if 980 units were sold?

• A) $38,000
• B) $18,620
• C) $24,500
• D) $50,000
• E) $21,560

Understand the economics of public goods and services, including waste management and recycling programs.

Apply economic principles to environmental issues, such as national park visitation and pollution permit trading.

Demonstrate the ability to solve for equilibrium in markets affected by externalities and government interventions.

Evaluate the efficiency of market-based solutions, such as pollution trading schemes, in addressing environmental problems.

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Definitions:

Multiculturalism

Multiculturalism is the coexistence of diverse cultures, where cultural differences are acknowledged and valued, often aimed at fostering inclusivity and diversity in society or organizations.

Flexible Work Design

An approach to work that allows for alternative schedules, locations, and duties to accommodate employees' needs.

Technological Force

Technological force refers to the impact that advancements in technology have on the economy, society, and organizational processes, often driving innovation and change.

Automation

Automation involves using technology and machinery to perform tasks with minimal human intervention, aimed at increasing efficiency and productivity.