The distinction between direct and indirect costs depends on whether a cost
a. is controllable or non-controllable.
b. is variable or fixed.
c. can be conveniently and physically traced to a cost object under consideration.
d. will increase with changes in levels of activity.
C
You might also like to view...
Intoxicated persons are liable in quasi contract for necessaries purchased during their incapacity
Indicate whether the statement is true or false
The ________ rider increases your death benefits at the same rate as inflation without forcing you to complete a new medical exam
A) waiver of premium for disability B) living benefits C) cost-of-living adjustment (COLA) D) guaranteed insurability E) accidental death benefit
Doonan Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,489,000 $1,440,000 Stockholders' equity: Common stock, $4 par value$360,000 $360,000 Additional paid-in capital$70,000 $70,000 Retained earnings$570,000 $550,000 Total stockholders' equity$1,000,000 $980,000 Interest expense$15,000 Income taxes (35%)$14,162 Net income$26,300 The market price of common stock at the end of Year 2 was $4.79 per share.The company's return on total assets for Year 2 is closest to:
A. 1.80% B. 2.42% C. 2.46% D. 1.77%
In order to be a qualifying relative of another, an individual's gross income must be less than ________.
A. a fixed amount specified for the particular tax year B. the applicable standard deduction amount C. one-half of the individual's support D. None of the choices are correct.