Which of the following does not include net income in its computation?
A) Debt to equity ratio
B) Return on assets
C) Return on equity
D) Profit margin
A
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Test counts are performed by the auditor to give the impression of control and they are not used for substantive testing
a. True b. False Indicate whether the statement is true or false
What pricing method is used if all costs are considered and a fair mark-up is added to determine the selling price?
A) Total cost method B) Demand-based method C) Variable cost method D) Mark-up method
In an MRP system, a BOM refers to?
a. Bill of milling b. Bill of manufacturing c. Bill of movement d. Bill of materials
At a volume of 5,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including $14,000 in fixed costs. If volume increases to 6,000 units and both 5,000 units and 6,000 units are within the relevant range, then the company would expect to incur total factory overhead costs of:
A. $32,000 B. $18,000 C. $35,600 D. $21,600