Which of the following statements about semivariable costs is not true?
a. They first have to be broken down into their fixed and variable components before they can be used to predict costs at different levels of volume.
b. They are sometimes called mixed costs.
c. They vary in direct proportion to volume changes.
d. They may remain constant over a range of production, then abruptly change.
c
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An unfavorable flexible budget variance in variable costs suggests a(n) ________.
A) increase in sales price per unit B) decrease in sales volume C) increase in variable cost per unit D) decrease in fixed costs
Cash is distributed to partners in a liquidation based on:
a. the net income/loss agreement. b. the capital balances of the partners. c. the liquidation agreement. d. either a. or b. e. none of the above.
Those who can be held liable on a theory of product liability for physical harm or property damage caused by defective goods include all of the following except A) ?a lessor of the goods
B) ?themaker of the goods. C) ?aseller of the goods. D) ?auser of the goods.
A creditor beneficiary can sue the promisor directly for breach.
Answer the following statement true (T) or false (F)