If the fixed costs for selling Christmas trees were $2000/month, the variable costs were $10 per tree, and management is thinking about selling each tree for $30, what is the break even quantity?
a. 10
b. 200
c. 100
d. 2000
e. it cannot be determined with the information given
c. 100
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Which of the following is the date on which a company incurs a legal liability to distribute the dividend to owners of the stock?
a. date of record b. commitment date c. date of declaration d. date of payment
The assumption that requires that a business be accounted for separately from its owners is the ________ assumption.
Fill in the blank(s) with the appropriate word(s).
The budgeting function begins with the preparation of a production budget
Indicate whether the statement is true or false
The management of Hamano Corporation would like for you to analyze their repair costs, which are listed below: Machine-HoursRepair CostsApril4,459 $98,523May4,426 $98,296June4,493 $98,781July4,417 $98,207August4,432 $98,349September4,446 $98,420October4,489 $98,749November4,475 $98,654 Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
A. $8.19 per machine-hour plus $62,015 per month B. $7.55 per machine-hour plus $64,859 per month C. $22.11 per machine-hour plus $98,497 per month D. $7.37 per machine-hour plus $65,670 per month