A firm has a total sales of $100,000 . If its sales rise, its
a. Per unit variable costs will rise.
b. Net income based on variable costing will go up more than its net income based on absorption costing.
c. Fixed costs will also rise.
d. Net income based on absorption costing will go up more than its net income based on variable costing.
b
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Reliable Manufacturers had no units in process at the beginning of the year. During the current year, 140,000 units were started. There were 15,000 units in work-in-process at the end of the year. These units were 40% complete. If total production costs for the year were $393,000 what should be the cost per equivalent unit?
A) $3.00 B) $3.14 C) $2.69 D) $2.93
Which of the following statements about shares of a corporation is TRUE?
A) All shares issued by a corporation must have voting rights. B) All shares can be voted by proxy C) All shares must be equal, none can have a preference D) All shares can be converted into bonds E) Both C and D
Planning is the process of
A. designing jobs, grouping jobs into units, and establishing patterns of authority between jobs and units. B. determining the organization's desired future position and deciding how best to get there. C. motivating the organization's members to work together toward the organization's goals. D. monitoring and correcting the actions of the organization and its members to keep them directed toward their goals. E. utilizing organizational resources with the ultimate goal of attaining organizational goals efficiently and effectively.
The Accumulated Depreciation account is a permanent account
Indicate whether the statement is true or false