If fixed costs are $24,000, variable costs are $25 per unit, and the product sells for $45, the total contribution margin at the breakeven point is $24,000
Indicate whether the statement is true or false
True
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An assembly line manufacturing system is a highly automated computer integrated manufacturing system that has its goal of achieving the ability to quickly produce wide varieties of products using the same equipment
Indicate whether the statement is true or false
The human resource, accounting, and legal departments of Glorious Software, a company with locations in seven states plus Europe, are working together on developing a profit-sharing plan. Which option for communicating with employees about the plan would be the most practical and effective?
A. Call a meeting of all the employees to discuss the plan face-to-face. B. Hold off on any communications until all employees can be brought together. C. Ask employees not to engage in rumors. D. Post descriptions and videos on the company's intranet. E. Set up a balanced scorecard to measure opinions about the plan.
Which of the following transactions results in an increase in expenses?
a. Payment on accounts payable b. Usage of utilities c. Repayment of principal of bank loan d. Purchase of office equipment on credit
All of the following can be employee payroll withholdings except
A) state income taxes. B) medical insurance premium payments. C) charitable contributions. D) federal unemployment tax.