Which of the following statements is TRUE of variable costing?
A) It considers variable manufacturing overhead as period costs.
B) It considers fixed manufacturing overhead as product costs.
C) It considers variable selling and administrative costs as product costs.
D) It considers fixed selling and administrative costs as period costs.
D) It considers fixed selling and administrative costs as period costs.
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Short production run tend to result in _________ machine setups.
What will be an ideal response?
Determining how the work environment affects productivity was the original objective of:
a. Taylor’s scientific management b. the Hawthorne studies c. Herzberg’s theory d. Maslow’s theory e. McGregor’s Theory X and Theory Y
McCoy Corporation manufactures a computer monitor. Shown below is McCoy's cost structure: Variable cost per monitorTotal fixed cost for the yearManufacturing cost$75.20$912,000 Selling and administrative$14.60$456,000 In its first year of operations, McCoy produced 100,000 monitors but only sold 95,000. McCoy's gross margin in this first year was $2,629,600. McCoy's contribution margin in this first year was $2,109,000. Under variable costing, what is McCoy's net operating income for its first year?
A. $741,000 B. $1,261,600 C. $2,173,600 D. $266,000
Find the exact interest from October 2 to October 20 on $1,100 borrowed at 8% interest using the daily interest factor