The variable costing reports of service firms will not report ________
a. contribution margin ratio
b. manufacturing margin
c. contribution margin
d. None of these choices.
b
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Give an example of two products that have different performance quality but are of equal conformance quality
What will be an ideal response?
On January 1, $362,400 of par value bonds with a carrying value of $388,000 is converted to 60,400 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except:
A. Debit to Premium on Bonds Payable $25,600. B. Debit to Bonds Payable $362,400. C. Credit to Paid-In Capital in Excess of Par Value, Common Stock $86,000. D. Debit to Bonds Payable $388,000. E. Credit to Common Stock $302,000.
In a report outline, one division may have more topics and subtopicsthan another
Indicate whether the statement is true or false
Given each of the following errors, indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit) will have the larger total as a result of the error.a. $100 debit to Cash was debited to the Cash account twice.b. $1,900 credit to Sales was posted as a $190 credit.c. $5,000 debit to Office Equipment was debited to Office Supplies.d. $625 debit to Prepaid Insurance was posted as a $62.50 debit.e. $520 credit to Accounts Payable was not posted.ErrorAmount Outof Balance?Column Having Larger Totala.???b.???c.???d.???e.???
What will be an ideal response?