When is a legal acceptance by email effective?
A) when the email is sent
B) when the email arrives
C) when the offeror reads it
D) offers cannot be validly accepted by email
B
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Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$74?Fixed costs per year: Direct labor$1,029,600?Fixed manufacturing overhead$4,461,600?Fixed selling and administrative expenses$3,864,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 57,200 units and sold 55,200 units. The company's only product is sold for $233 per unit.Assume that the company uses a variable costing system that assigns $18 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:
A. $74 per unit B. $170 per unit C. $240 per unit D. $92 per unit
Which of the following statements about small businesses is false?
A. Many small businesses struggle to compete with large firms. B. Almost half of all U.S. firms are small businesses. C. Most large firms began as small businesses. D. Small firms are a vital component of the U.S. economy. E. Small businesses can be both incorporated and unincorporated.
Which of the following is not a factor that directly affects the budget for a discretionary cost?
a. the importance of the activity to the achievement of the organization's goals b. last period's budget c. the expected level of operations d. managerial negotiations in the budgeting process
The method of revenue recognition where the seller has substantial uncertainty about the amount of cash it will collect and matches the costs of generating revenues dollar for dollar with cash receipts until the seller recovers all such costs is called the
a. cash basis method. b. percentage-of-payment method. c. installment method. d. cost-recovery-first method. e. cost-recovery-last method.