Use the Information Below to Answer the Following Question(s)

question 132

Multiple Choice

Use the information below to answer the following question(s) .
During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.
-What is the contribution margin for the year at Blaine Corporation?

• A) $93,000
• B) $450,000
• C) $262,000
• D) $281,000

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Definitions:

Acreage Allotment Program

A governmental policy aimed at controlling crop production by limiting the acres that can be cultivated, historically used in the US to support agricultural prices.

Taxpayer-Subsidized

Financial support provided by the government to individuals or organizations, funded by taxpayers.

Price-Support Program

Government policies designed to maintain the price of a commodity at a certain level through subsidies or purchase of the market surplus.

Price Supports

Government interventions to maintain the market price of a commodity at a certain level to protect producers from market fluctuations.