Kertas, Inc. produces paper and office supplies and uses the just-in-time inventory system. Currently, the company is using variable costing. Which of the following is TRUE of the effect of costing systems on the financial results of Kertas?
A) Its operating income will be significantly higher if the company uses absorption costing instead of
variable costing.
B) Its operating income will be significantly lower if the company uses absorption costing instead of
variable costing.
C) Its operating income will vary a little if the company uses absorption costing instead of variable costing.
D) Its operating income will be negative if the company uses absorption costing instead of variable
costing.
C) Its operating income will vary a little if the company uses absorption costing instead of variable costing.
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Which of the following statements is false regarding a credit memorandum?
a. A credit memorandum is added to the balance per the company's books b. A credit memorandum could be issued for interest earned on checking balances c. A credit memorandum is issued when the bank collects a note for the customer. d. A credit memorandum is subtracted from the balance per the company's books.
In the ________ type of retailing, customers usually find their own goods, although they can ask salespeople for assistance
A) self-service B) self-selection C) full-service D) limited service E) limited-selection
Beyond the strategic expression of their own emotions, negotiators are unable to regulate or manage the emotions of the other party.
Answer the following statement true (T) or false (F)
Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 8,500Budgeted variable overhead costs: Supplies (@$4.70 per patient-visit)$39,950 Laundry (@$7.80 per patient-visit) 66,300Total variable overhead cost 106,250Budgeted fixed overhead costs: Wages and salaries 50,150 Occupancy costs 84,150Total fixed overhead cost 134,300Total budgeted overhead cost$240,550?The total overhead cost at an activity level of 9,200 patient-visits per month should be:
A. $249,300 B. $240,550 C. $260,360 D. $250,070