On a segmented income statement, common fixed expenses will have an effect on a company's:
A. segment contribution margin.
B. profit margin controllable by the segment manager.
C. segment contribution margin and segment profit margin.
D. segment profit margin.
E. None of the answers is correct.
Answer: E
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During the first week of February, Gabe Hopen earned $300 . Assume that FICA taxes are 7.65 percent of wages up to $106,800, state unemployment tax is 5.0 percent of wages up to $13,000, and federal unemployment tax is 0.8 percent of wages up to $13,000 . Assume that Gabe has voluntary withholdings of $10 (in addition to taxes) and that federal and state income tax withholdings are $18 and $6,
respectively. Using the information above, what amount is the check, net of all deductions, that Gabe received for the week's pay? a. $243.05 b. $259.60 c. $274.60 d. $277.00
All of the following are factual statements relative to a standard cost system, except:
a. It cannot be used by service companies. b. The objective is to control costs and promote efficiency. c. A majority if U.S. manufacturers use this method. d. It is used in conjunction with such methods as job order, process, or backflush costing.
Team leader Derek shows integrity when he
A) gives five percent of his salary to charity. B) gives all subordinates equal praise. C) often behaves in a manner inconsistent with his values. D) accomplishes what he said he would carry out.
For which of the following would an organization most likely engage in new-task buying?
A. a small portable welding machine for use in making repairs B. a new desk chair to replace one that had broken C. a new desktop copying machine D. dishwashing detergent for use in a restaurant E. a 10,000-square-foot prefabricated steel building for use as a warehouse