When the variable cost per unit increases, the contribution margin on each unit decreases
Indicate whether the statement is true or false
TRUE
You might also like to view...
Having just spent $1,500 for a new engine for his old car, Danilo now learns his transmission needs to be replaced. He decides to junk the car now, rather than repair it. Danilo has avoided the __________ bias.
A. anchoring and adjustment B. confirmation C. availability D. representativeness E. escalation of commitment
Which of the following accounting treatments is proper for a change in reporting entity?
A) restatement of all financial statements presented B) restatement of current period financial statements C) note disclosure and supplementary schedules D) adjustment to retained earnings and note disclosure
Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The
planned selling price is $150 per unit. What would be the sales budget for March? a. $7,200,000 b. $8,000,000 c. $6,750,000 d. $9,000,000
Business value-added activities increase the value of a product without increasing production time
Indicate whether the statement is true or false