Which of the following costs change in total in direct proportion to a change in volume?
A) fixed costs
B) variable costs
C) mixed costs
D) period costs
B
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In the context of the department store patronage project, analyzing store charge card slips to examine customer store credit usage behaviors is an example of ________
A) mechanical observation B) personal observation C) content analysis D) trace analysis
Colfax Corporation had a Retained Earnings balance on January 1, 2009, of $720,000; declared cash dividends during 2009 in the amount of $112,000, of which $30,000 were not paid until 2010; and reported an ending balance of Retained Earnings of $1,020,000 . Based on these facts alone, net income for 2009 for Colfax Corporation must have been
a. $152,000. b. $312,000. c. $382,000. d. $412,000.
Understanding and following the letter of copyright laws is critical to practitioners, especially in dealing with ________, because some of these professionals retain the right to copyright their work
A) printers B) employers C) freelance writers D) the Associated Press
When computing variances, the difference between actual and standard costs multiplied by actual quantity purchased is called the:
a. price variance. b. quantity variance. c. mix variance. d. combined price-quantity variance.