Wang CoManufactures and Sells a Single Product That Sells for $450

question 192

Multiple Choice

Wang Co.manufactures and sells a single product that sells for $450 per unit; variable costs are $270 per unit.Annual fixed costs are $800,000.Current sales volume is $4,200,000.
-Compute the contribution margin ratio.

• A)40.0%.
• B)66.7%.
• C)20.7%.
• D)50.0%.
• E)19.3%.

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Definitions:

Cultural Influence

The impact that a society's values, beliefs, and practices have on its members' behaviors, attitudes, and perceptions.

Stanford-Binet

An intelligence test that assesses cognitive abilities and IQ, originally developed by Alfred Binet and then expanded at Stanford University.

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The effect that a society's values, norms, and practices have on the behavior and attitudes of its members.

Progressive Matrices

A type of IQ test that assesses non-verbal reasoning abilities through the use of abstract designs that participants must complete or solve.