Borich Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit$150.00Variable expense per unit 73.50Fixed expense per month$308,295 The break-even in monthly unit sales is closest to:
A. 4,030
B. 2,055
C. 3,426
D. 4,194
Answer: A
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In an income statement prepared as an internal report using the variable costing method, fixed manufacturing overhead would
a. not be used. b. be used in the computation of operating income but not in the computation of the contribution margin. c. be used in the computation of the contribution margin. d. be treated the same as variable manufacturing overhead.
Which of the following formulas can often reconcile the difference between absorption- and variable-costing income?
A. (Absorption-costing income ? variable-costing income) × fixed-overhead rate per unit. B. Change in inventory units ÷ predetermined fixed-overhead rate per unit. C. Change in inventory units ÷ predetermined variable-overhead rate per unit. D. Change in inventory units × predetermined fixed-overhead rate per unit. E. Change in inventory units × predetermined variable-overhead rate per unit.
What kind of tax best describes the federal income tax?
A. Regressive B. Excise C. Progressive D. Customs
Bill purchased 100 shares of stock at $24.05 per share. The commission is 2.5% of the total transaction. What is the total cost of the transaction?