Christopher's Cranks Uses a Machine That Can Produce 100 Cranks

question 98

Multiple Choice

Christopher's Cranks uses a machine that can produce 100 cranks per hour.The firm operates 12 hours per day,five days per week.Due to regularly scheduled preventive maintenance,the firm expects the machine to be running during approximately 95% of the available time.Based on experience with other products,the firm expects to achieve an efficiency level for the cranks of 85%.What is the expected weekly output of cranks for this company?

• A)5100
• B)5700
• C)4845
• D)969
• E)6783

Calculate contribution margin and gross margin, and understand their relevance in decision-making.

Apply cost-volume-profit analysis to make informed decisions.

Identify and calculate fixed, variable, and mixed costs using different methods (e.g., high-low method).

Estimate budgeted costs based on historical data and expected changes in the level of activity.

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Definitions:

Unenforceable

Not capable of being executed or enforced under the law or in practice.

Additional Consideration

Additional or extra benefits or compensation given above what was originally agreed upon in a contract or agreement.

E-Contract

A contract that is created, signed, and maintained in digital form, often facilitated through electronic means like websites or email.

Clickwrap Contracts

Agreements where acceptance is expressed by clicking a button or checking a box indicating agreement to the terms before proceeding with a service or transaction.