Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of variable costs for 20,000 units would be:
A. $30,000.
B. $90,000.
C. $99,000.
D. $150,000.
E. $66,000.
Answer: B
You might also like to view...
The total number of shares the corporate charter allows a corporation to issue is called authorized stock
a. True b. False Indicate whether the statement is true or false
The accounts receivable ledger must be posted from the source document used to make the general journal entry
Indicate whether the statement is true or false
Which of the following accounts is credited by the seller when tax is collected on retail sales?
A) Accounts Payable B) Payroll Tax C) Sales Tax Payable D) Unearned Revenue
Foreign debt is a debt instrument sold by a foreign borrower that is denominated in the currency of the country in which it is sold.
Answer the following statement true (T) or false (F)