Which of the following is not an example of a committed fixed cost?
A. Salaries of management personnel.
B. Depreciation on buildings.
C. Equipment rental costs.
D. Outlays for advertising programs.
E. Property taxes.
Answer: D
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Inventory is more liquid than accounts receivable because receivables must be collected and some customers may not be willing to pay, while inventory need only be sold in a retail store
a. True b. False Indicate whether the statement is true or false
Kale Corporation's budgeted fixed factory overhead costs are $25,00 . per month plus a variable factory overhead rate of $8.00 per direct labor hour. The standard direct labor hours allowed for November production were 10,000 . An analysis of the factory overhead indicates that in November Kale had a favorable flexible-budget variance of $1,500 and an unfavorable production-volume variance of
$500 . Kale uses a two-variance analysis of overhead variances. The actual factory overhead incurred in October is: a. $105,500. b. $104,500. c. $106,500. d. $103,500.
A balance sheet is a list of the assets, liabilities, and owner's equity of a business for a period of time
Indicate whether the statement is true or false
Name and briefly explain the five steps of Monroe’s Motivated Sequence.
What will be an ideal response?