The Harold Corporation just started business in January of 2010. They had no beginning inventories. During 2010 they manufactured 12,000 units of product, and sold 10,000 units. The selling price of each unit was $20. Variable manufacturing costs were $4 per unit, and variable selling and administrative costs were $2 per unit. Fixed manufacturing costs were $24,000 and fixed selling and
administrative costs were $6,000. What would be the difference in Harold Corporation's Net income for 2010 if they used direct costing instead of absorption costing?
A) No difference
B) $2,000 greater
C) $4,000 less
D) $6,000 less
C
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An agenda
a. does not need to be followed. b. is the written record of what took place at a meeting. c. identifies the topics to be discussed at a meeting. d. all of these choices.
In an effort to manage the stress of coping with culture shock, one can create a(n) ________ zone or an environment that closely relates to home.
Fill in the blank(s) with the appropriate word(s).
. Assume that you want to study the cost of goods sold for your business, a company that produces customer T-shirts for school sports teams. Discuss what should be considered in this study.
What will be an ideal response?
Odell and Paula sign a contract for the sale of Odell's Pub & Grub Café to Paula. The parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement-Odell must first buy the building from Quin, after which Odell and Paula will negotiate a final price.? Refer to Fact Pattern 15-3. The writing that Odell and Paula signed is a contract that is
A) completely integrated. B) conditionally integrated. C) partially integrated. D) separably integrated.