Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50,000 and sales are expected to increase by $90,000. What should the contribution margin ratio be this year if the company wishes to increase net operating income by $31,500?
A) 78.75%
B) 40.00%
C) 35.00%
D) 55.56%
C
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During 2019, Marla earns $2,700 from a summer job. She also has interest income of $2,400. Marla, age 19, is a full-time student at Western College. Her parents claim her as a dependent. Their taxable income is $100,000. What is Marla's tax liability for 2019?
A. $0 B. $205 C. $240 D. $450 E. $513
When a job is completed in a service organization, the job costs are transferred to the
a. Work in Process Inventory account. b. Finished Goods Inventory account. c. Cost of Goods Sold account. d. Cost of Services account.
Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.
Answer the following statement true (T) or false (F)
Which of the following is true about the job-order cost sheet?
A) It is prepared for every job. B) It is subsidiary to the work-in-process account. C) It is the primary document for accumulating all costs related to a particular job. D) It contains all information pertinent to a job. E) All of these are true.