Simplify

question 58

Multiple Choice

Simplify:

• A)$7067
• B)$771
• C)$695
• D)$765
• E)$665

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Definitions:

Contribution Margin

The amount by which the sales price of a product exceeds its variable costs, used to cover fixed costs and generate profit.

Selling Price

The amount of money for which a product or service is sold to customers, determined by costs, market demand, and competition.

Variable Inspection Cost

The cost associated with the examination of products or processes that varies with the level of production or activity.

Machine-Hours

A measure of machine use or production time calculated in hours.