Goldfarb Company Manufactures and Sells Toasters

question 46

Multiple Choice

Goldfarb Company manufactures and sells toasters.Each toaster sells for $23.75 and the variable cost per unit is $16.25.Goldfarb's total fixed costs are $25,000,and budgeted sales are 8,000 units.What is the contribution margin per unit?

• A)$7.50.
• B)$16.25.
• C)$23.75.
• D)$60,000.
• E)$1.25.

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Definitions:

Strategic Priority

A focus or activity that an organization identifies as most important to achieve its long-term goals.

Psychological Capital

A construct that encompasses an individual's positive psychological state of development, characterized by self-efficacy, optimism, hope, and resilience.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Corporate Social Responsibility

A business practice that involves participating in initiatives that benefit society and the environment beyond what is required by law.