Which of the following is an equation to determine the break-even point (BEP) in units?
A) BEP = fixed cost / selling price per unit - variable cost per unit)
B) BEP = fixed cost / (selling price per unit - variable cost per unit)
C) BEP = variable cost / (selling price per unit - fixed cost)
D) BEP = variable cost / (fixed cost - selling price per unit)
E) BEP = fixed cost / (selling price per unit + variable cost per unit)
B
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On the maturity date after the last interest payment is recorded, any premium or discount on bonds payable is always fully amortized
Indicate whether the statement is true or false
Exhibit 15-3 On January 1, 2016, Howard, Inc granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017. ? Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?
A) no entry was necessary B) Compensation Expense 7,000Paid-in Capital Share Options 7,000 C) Compensation Expense 6,000Paid-in Capital Share Options 6,000 D) Compensation Expense 9,000Deferred Compensation 9,000
When a job order costing system is used, actual manufacturing overhead costs are debited to ________.
A) expense accounts B) the Manufacturing Overhead account C) the Cost of Goods Sold account D) the Work-In-Process Inventory account
Private international business contracts include a(n) ________ clause so that the parties know which family of law is to be applied in case of a dispute and what nation's courts will be used
A) choice-of-forum B) supremacy C) ouster D) foreign commerce