Variable costing is utilized to evaluate the performance of
A) investment centers.
B) revenue centers.
C) cost centers.
D) profit centers.
D
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The sales returns and allowances account is reported as a
A) contra-revenue account on the income statement. B) current liability on the balance sheet. C) contra-asset reducing accounts receivable on the balance sheet. D) selling expense on the income statement.
If variable costs increase by 5% without a corresponding increase in selling price, the number of units needed to breakeven will ________.
A) decrease B) remain the same C) increase D) cannot be determined
Motorcycle Manufacturers, Inc. projected sales of 78,000 machines for the year. The estimated January 1 inventory is 6,500 units, and the desired December 31 inventory is 6,000 units. What is the budgeted production (in units) for the year?
a) 78,500 b) 70,000 c) 77,500 d) 70,500
Discuss some of the things you should do when you are being evaluated by your boss and the evaluation highlights weaknesses, problems, or mistakes on your part.
What will be an ideal response?