The Gasson Company Sells Three Products, Product A, Product B

question 154

Multiple Choice

The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,000,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totaled $350,000. Sales were: Product A, $500,000; Product B, $300,000; and Product C, $200,000. Traceable fixed costs were: Product A, $120,000; Product B, $100,000; and Product C, $60,000. The variable expenses of Product A were $300,000 and the variable expenses of Product B were $180,000.
-The product line segment margin for Product A for June was:

• A)$200,000
• B)$80,000
• C)$65,000
• D)$10,000

Understand the impact of leadership styles on employee-leader relationships.

Understand the concept of maximum total output related to marginal and average product.

Calculate the marginal product of labor given specific data sets.

Determine the average product under given conditions.

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Definitions:

Heterotrophic

Organisms that cannot synthesize their own food and rely on other organisms for nutrition.

Producers

Organisms, typically plants and algae, that produce organic compounds from simple substances like carbon dioxide, essentially supporting most food chains.

Consumers

Organisms that obtain their energy and nutrients by eating other organisms, cannot produce food themselves and are part of the food chain.

Ecosystem

A biological community interacting with its environment.