M Studios Retails Their Own Brand of Camera That They

question 75

Multiple Choice

M Studios retails their own brand of camera that they manufacture in their plant for $500. The plant capacity is 1,000 units per month and variable costs are $225 per camera. Total fixed costs for the year are $2.16 million. Calculate the contribution margin per camera.

• A) 275
• B) 250
• C) 225
• D) 300
• E) 325

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Definitions:

Like Terms

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Mathematical Expression

A combination of numbers, symbols, and operators designed to represent a specific mathematical computation or value.

Mathematical Expression

A combination of numbers, symbols, and operators that represent a mathematical value or relationship.