If a project is expected to be completed in 68 days with a project variance of 9 days, what is the probability that the project will be completed within 50 days?
a. 0%
b. between 5% and 10%
c. between 15% and 30%
d. over 35%
a. 0%
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Reliance Corporation sold 4,000 units of its product at a price of $15 per unit. Total variable cost per unit is $8.50, consisting of $7.75 in variable production cost and $0.75 in variable selling and administrative cost. Compute the contribution margin for the company.
A. $26,000 B. $31,000 C. $34,000 D. $36,900 E. $60,000