Genuine Auto Parts has reported sales of $500 000, a contribution margin of $8 per unit, fixed costs of $75.000 and a profit of $45 000. How many units did they sell? a 9 375 Ob. 62 500 . 47 500 Od. 15 000 On 1 September 2022 Streak-Free Window Cleaning pays $1800 in cash for supplies purchased on 22 July 2022. Assuming the business prepares monthly financial reports using the accrual basis, what effect does this payment have on the accounting equation? O a Decrease in cash at bank $1800; increase in liability accounts payable $1800. O b. Decrease in cash at bank $1800; increase in equity $1800. OC Decrease in cash at bank $1800; decrease in liability accounts payable $1800. Od. Decrease in cash at bank $1800; decrease in equity $1800. The common recognition criteria for each of assets, liabilities, income and expenses is that they must be O a. reliable. Ob. matched in the period they occur. Oc. relevant information and a faithful representation of the element. Od. faithfully represented. The overhead budget, based on a budgeted volume of 100 000 direct labour hours, was $325 000. Actual overhead costs amounted to $340 000 and actual direct labour hours were 106 000. By how much was overhead under or overapplied? Oa. $4 500 underapplied Ob. $4 500 overapplied OC $15.000 underapplied Od. $15 000 overapplied Which of the following statements concerning the statement of changes in equity is correct? O a. It provides a link between the statement of profit or loss and other comprehensive income and the statement of financial position. O b. It is only required to be prepared by disclosing entities. Oc. O d. It is only required to report the ending balances of each category of equity. It provides a link between the statement of profit or loss and other comprehensive income and the statement of cash flows