Schlenz Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 6,000Variable costs per unit: Direct materials$12Direct labor$34Variable manufacturing overhead$4Variable selling and administrative expenses$2Fixed costs: Fixed manufacturing overhead$486,000Fixed selling and administrative expenses$522,000The company had no beginning or ending inventories.Required:Compute the unit product cost under variable costing.
What will be an ideal response?
| Direct materials | $ | 12 |
| Direct labor | 34 | |
| Variable manufacturing overhead | 4 | |
| Unit product cost | $ | 50 |
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The balance of Accounts Receivable, net of the allowance account, is $25,000 before the write-off of a $2,000 account. What is the Accounts Receivable balance, net of the allowance account, after the write-off?
A) $2,000 B) $23,000 C) $25,000 D) $27,000
For questions 1 through 6:Indicate how each event affects the financial statements model. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element, which is offset by a decrease in that same element.)Calloway Company collected $750 from a customer for services that Calloway agrees to perform in the future.AssetsLiabilitiesEquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?
The goals of IMC need to
A. be separate from budget. B. expand as the advertising budget expands. C. include both the noise effect and the transmitter effect. D. be explicit and measurable. E. be encoded before they can be decoded.
A law that limits the liberty of all persons may violate substantive due process
a. True b. False Indicate whether the statement is true or false