________ is the amount remaining from manufacturing margin after all variable selling, general and administrative expenses have been deducted.
Fill in the blank(s) with the appropriate word(s).
Contribution margin
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Which of the following is a benefit of using a computerized accounting information system?
A) The software can accurately measure the intrinsic value of the firm using the built-in simulation techniques. B) There is no need to review the financial statements for accuracy. C) The software is easy to use and thus no training or financial statement review is necessary. D) The software automatically transfers the amounts from the general ledger to the financial statements.
The roots of behavioral research lie in the field(s) of:
a. Economics. b. Finance. c. Psychology and sociology. d. Accounting.
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under variable costing?
A. $60,000 B. $250,000 C. $50,000 D. $310,000 E. $110,000
The Curtis Company's inventory records reflects the following for the month of October Year 2: 
Assuming that Curtis Company uses the FIFO cost flow method in a perpetual inventory system. Required:(a) Calculate the cost of goods sold for the month ending October 31, Year 2(b) Calculate the ending inventory at October 31, Year 2. (c) Prepare the journal entry for the sale of inventory on October 31, Year 2.
What will be an ideal response?