Under absorption costing and variable costing, how are direct labor costs treated? Absorption Variable
a. Product Cost Product Cost
b. Product Cost Period Cost
c. Period Cost Product Cost
d. Period Cost Period Cost
a. Product Cost Product Cost
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Seth and Rachel have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investments at 15%; salary allowances of $24,000 and $20,000, respectively; and the remainder to be divided equally. How much of the net income of $90,000 is allocated to Seth?
a. $42,750 b. $47,750 c. $45,000 d. $43,250
The popularity of cause-related marketing as a form of corporate giving is rapidly declining
Indicate whether the statement is true or false
Smartphones are part of the ______.
a. First Media Age b. New Media Tradition c. Oral Tradition d. Electronic Tradition
Punctuate the sentence correctly. Three fourths of the work remains to be done