When probing, ______ questions are preferable to “why?” questions.
a. “when?”
b. “where?”
c. “who?”
d. “what?”
d. “what?”
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Ludington Corporation provides the following data from a recent period for its manufacture of shoes: direct material costs, $24,000; direct labor costs, $12,000; and total fixed costs, $40,000. Sales were $60,000 based on 12,000 units sold during the period. Calculate the contribution margin and the contribution margin ratio.
What will be an ideal response?
A project is an interrelated set of activities that has a definite starting and ending point
Indicate whether the statement is true or false
Responsiveness, availability, end-user productivity, and resource sharing are benefits of __________ data processing.
Fill in the blanks with correct word
Which of the following is incorrect regarding service firms?
A. Managers of service firms need cost information to price their services, to budget and control costs, and to determine the profitability of different types of clients. B. The primary driver used to assign costs is billable hours. C. The accounting system will track the time and resources spent serving a specific client or account. D. Each client or account is equivalent to a process in a process costing firm.