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40 points) Multiple Choice Write your answer ne preceding each statement, 2 points each (20 2 YI anteld Corporation makes three products that use compound
40 points) Multiple Choice Write your answer ne preceding each statement, 2 points each (20 2 YI anteld Corporation makes three products that use compound W, the current constrained resource, Data concerning those products appear below: VP WX Selling price per unit 248.04 $ 230.66 $ 505.44 Variable cost per unit 190.71 $ 172.14 $ 388.80 Centiliters of compound W 3.90 3.80 8.10 Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. A) WX, VP, Y B) YI, VP, WX C) WX, YI, VP D) VP, WX, YI 2. Which of the following is unlikely to be classified as a fixed cost with respect to the number of units produced and sold? A) Property taxes on a headquarters building. B) Legal department salaries. C) Cost of leasing the company's mainframe computer. D) Production supplies. 3. A cost incurred in the past that is not relevant to any current decision is classified as a(n): A) sunk cost. B) opportunity cost. C) period cost. D) differential cost. 4. Contribution margin is: A) Sales less cost of goods sold. B) Sales less variable production expense. C) Sales less variable production, variable selling, and variable administrative expenses. D) Sales less all variable and fixed expenses
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