Which of the following is least likely to be classified as a variable cost?
A) Direct materials
B) Factory supplies
C) Direct labor
D) Administrative building rent
D
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Callander Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $140.50 per unit. Sales volume (units) 6,000 7,000Cost of sales$497,400 $580,300Selling and administrative costs$273,600 $294,700 The best estimate of the total variable cost per unit is: (Round your intermediate calculations to 2 decimal places.)
A. $125.00 B. $82.90 C. $128.50 D. $104.00
When treasury stock is sold for more than the company originally paid to purchase the shares, the difference:
A. Decreases net income and decreases stockholders' equity. B. Increases stockholders' equity. C. Has no effect on net income or stockholders' equity. D. Increases net income.
The universal duties under Kantian ethics were agreed upon, with some modification, shortly
after being proposed by Kant. Indicate whether the statement is true or false
A customer orientation toward pricing implicitly invokes the concept of
A. profit. B. the income effect. C. positioning. D. value. E. knowing the dimensions of the target market.