All of the following are individually-purchased health insurance products except:
A) Medicaid insurance
B) long-term care insurance
C) basic medical insurance
D) major medical insurance
A
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Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.
Overhead costs ________ as the number of units produced increases
A) decrease B) increase steadily C) fluctuate D) remain the same E) increase rapidly
What is linear programming?
What will be an ideal response?
The Carlsbad Corporation produces and markets two types of electronic calculators: Model 4A and Model 5A. The following data were gathered on activities during the third quarter:??Model 4AModel 5A?Sales in units5,0003,000?Sales price per unit$100$200?Variable production costs per unit$20$40?Traceable fixed production costs$200,000$300,000?Variable selling expenses per unit$10$12?Traceable fixed selling expenses$10,000$15,000?Allocated portion of corporate expenses$116,000$120,000Required:Prepare a segmented income statement for last quarter. The statement should provide sufficient detail to allow the company to evaluate the performance of the manager of each product line.
What will be an ideal response?