In a flexible budget, what will happen to fixed costs as the activity level increases?
A. The fixed cost per unit will increase.
B. The fixed cost per unit will remain unchanged.
C. Fixed costs are not included in a flexible budget.
D. The fixed cost per unit will decrease.
Answer: D
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Jeffrey Quills is seen by his friends as a somewhat strange person. At times he is lovable, warm, and friendly. At other times he can be mean-spirited, uncaring, and hostile to all who know him
Which of the following general statements about personality most closely matches what friends observe about Jeffrey? A) People have a standard personality that can be identified as belonging to one of five categories. B) Psychologists agree that a standard personality component exists in all people. C) Many studies have found that people do not seem to exhibit stable personalities. D) Most psychologists have completely abandoned the concept of personality.
The Department of Vital Statistics maintains:
a. licensing information. b. military records. c. fraud related information. d. birth records.
Which asset is counted in determining a retailer's quick ratio?
a. hidden assets b. merchandise inventories c. marketable securities d. accounts receivable
A job cost sheet was partially destroyed but the amount for direct materials of $42,000 and the total amount for the job of $132,000 were still visible. Factory overhead is applied at 50% of direct labor. The amount of direct labor charged to the job:
a. is $30,000 b. is $90,000 c. is $40,000 d. is $60,000 e. Cannot be determined from the information provided.