Which of the following statements is False?
a. If the relevant range changes, the fixed cost will change.
b. As the production increases the fixed cost per unit decreases.
c. As production increases, the variable cost per unit remains constant.
d. As production decreases, the fixed cost per unit decreases.
d
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Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance of Jenning Co (Round calculations to the nearest dollar.) If the equipment had an estimated useful life of five years and no salvage value, what is its book value at July 31, after the proper monthly July adjustment is recorded? a. $10,400 b. $25,567 c. $15,167 d. $10,833
Ordinarily, a merger requires approval of both boards of directors and the shareholders of both
corporations. Indicate whether the statement is true or false
If the misuse of a product is reasonably foreseeable, the seller must take measures to guard against it
Indicate whether the statement is true or false
Reference groups can be categorized very broadly as either:
A. primary or secondary B. persuasive or nonpersuasive C. direct or indirect D. positive or negative E. personal or nonpersonal