If a business receives money that it believes to be "suspicious" it must report the transaction to the relevant government authority
a. True
b. False
Indicate whether the statement is true or false
True
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Battery is putting another in apprehension of an imminent threat to his or her physical safety.
Answer the following statement true (T) or false (F)
When a job order costing system is used, actual manufacturing overhead costs are debited to ________.
A) expense accounts B) the Manufacturing Overhead account C) the Cost of Goods Sold account D) the Work-In-Process Inventory account
If sales are $525,000, variable costs are 56% of sales, and operating income is $50,000, what is the contribution margin ratio?
A) 44% B) 26.5% C) 9.5% D) 64%
Lenart Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$70,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$83,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year10,0007,000Units sold during the year9,0006,000Units in ending inventory1,0002,000The unit product cost under absorption costing in Year 2 is closest to:
A. $39.00 B. $23.00 C. $33.00 D. $10.00