a. $ 43,560
b. $ 74,760
c. $ 31,200
d. $ 37,440
10. ________ is the excess of sales over the cost of goods sold.
a. Contribution margin b. Gross margin c. Contribution−margin ratio d.
Variable−cost ratio
11. Simon Inc. currently produces 110,000 units at a cost of $ 440,000. The cost is variable. Next year Simon Inc. expects to produce 115,000 units. Simon ' s relevant range for production is 100,000 to 120,000 units. If 115,000 units are produced next year, what is the expected variable cost?
a. $ 420,000
b. $ 430,000
c. $ 440,000
d. $ 460,000