Which of the following statements pertain to variable costing?
A. Variable manufacturing overhead becomes part of a unit's cost.
B. Fixed manufacturing overhead is attached to each unit produced.
C. The income statement not does disclose a company's contribution margin.
D. This method must be used for external financial reporting.
E. None of the answers is correct.
Answer: A
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Answer the following statements true (T) or false (F)
1. The stronger the culture, the less reliant the organization needs to be on bureaucratic management controls found in traditional industrial organizations. 2. If an organization’s culture is strong, it becomes another core competency. 3. When any manager ignores an employee action that impacts the “show” or guest experience, this does not affect other employees. 4. Once employees have been trained, hospitality managers need not spend time and energy on reminding their existing employees of the cultural values. 5. People in open-culture organizations need more time to adapt to changes in customer expectations.
The amount of accumulated depreciation for the budgeted balance sheet of a merchandising company can be obtained from the ________.
A) cash budget B) selling and administrative expense budget and the prior balance sheet C) cash payments for selling and administrative expense budget D) financial budget
Kelly Company has 20,000 units in inventory that had a production cost of $4 per unit. These units cannot be sold through normal channels due to a significant technology change. These units could be reworked at a total cost of $30,000 and sold for $35,000 . Another alternative is to sell the units to a junk dealer for $10,500 . The relevant cost for Kelly to consider in making its decision is
a. $80,000 of original product costs. b. $30,000 for reworking the units. c. $110,000 for reworking the units. d. $35,000 for selling the units to the junk dealer.
Entrepreneurs that participate in activities to avoid harm to the environment or help protect it in some ways are engaged in ________.
A. venture philanthropy B. green entrepreneurship C. social entrepreneurship D. corporate responsibility