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As you are on the way to Tahiti for a vacation, your aeroplane crash lands on a previously undiscovered island. You soon find that the island is teeming with unfamiliar organisms, and you, as a student of biology, decide to survey them (with the aid of the Insta-Lab Portable Laboratory you brought along in your suitcase) . You select four organisms and observe them in detail, making the notations found in the figure.
-Which organism would you classify as an animal?
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.
Machine Hours
A measure of production time, calculated as the total hours that machinery is operated over a specific period.
Contribution Margin
The amount remaining from sales revenue after variable costs have been deducted, indicating the contribution of sales to covering fixed expenses.
Machine Hours
A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead to products.
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