Mark and Julie Are Going to Sell Brownies and Cookies

question 169

Multiple Choice

Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale.In one day,Mark can make 40 brownies or 20 cookies,and Julie can make 15 brownies or 15 cookies.With specialization,_____ brownies and _____ cookies will be made in one day.

• A)15;20
• B)40;20
• C)40;15
• D)55;35

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity.

Variable Costs

Costs that vary directly with the level of production or service delivery.

Flexible Budget

A budget designed to adapt in accordance with fluctuations in activity level or volume.

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, indicating how much contributes to covering fixed costs and generating profit.