Define segment margin and explain why it is a relevant measure of a segment's contribution to overall organizational profitability
Segment margin is the amount of income that remains after deducting all avoidable (both variable and fixed) costs from sales. This measure is the appropriate gauge of a segment's viability because it is a direct measure of how total organizational profits would change if the segment was discontinued.
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Answer the following statements true (T) or false (F)
Critical accounting research assumes a sharp separation between the researcher and his or her field of investigation.
Explain annual reports as sources of competitor information with respect to consumer and business markets
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What is satisficing?
a. Making a second best decision b. The basis of unsatisfactory organizational decision-making c. Deciding after weighing available information d. All of the above
EXP, Inc. had the following activities during its most recent period of operations:(a) Purchased raw materials on account for $140,000 (both direct and indirect materials are recorded in the Raw Materials Inventory account).(b) Issued raw materials to production of $130,000 (80% direct and 20% indirect).(c) Incurred factory labor costs of $250,000; allocated the factory labor costs to production (70% direct and 30% indirect).(d) Incurred factory utilities costs of $20,000; this amount is still payable.(e) Applied overhead at 80% of direct labor costs.(f) Recorded factory depreciation, $22,000.Prepare journal entries to record the above transactions.
What will be an ideal response?