Please answer the questions below

QUESTION 24 Based on the income statements shown below, which division has the cost structure with the highest operating leverage? A B C Revenue $ 50,000 $ $ 50,000 50,000 (5,000) (10,000) (30,000) Variable costs Contribution margin 40,000 45,000 20,000 (10,000) Fixed costs (30,000) (40,000) Net income $ 10,000 $ 5,000 $ 10,000 A. A 8.8 OD. The three divisions have identical operating leverage. QUESTION 25 Which of the following transactions would cause net income for the period to decrease? A. Paid $2,500 cash for raw material cost. OB. Purchased SB,000 of merchandise inventory. O c Recorded $5,000 of depreciation on production equipment. OD Used $2,000 of office supplies. QUESTION 21 During its first year of operations, F&F Company paid $14,000 for direct materials and $19,000 for production workers wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3.000 units at a price of $15.00 a unit. What is the amount of finished goods inventory on the balance sheet at year-end? O A $10,000 B. $20.000 o $4,000 OD $15.000 QUESTION 22 Select the correct statement regarding managerial and financial accounting. A. Users of managerial accounting information desire greater aggregation than do users of financial accounting information. B. Both managerial and financial accounting use economic and physical data in addition to financial data. O C.Financial accounting is more highly regulated than managerial accounting. OD. Timeliness is more important in financial accounting than in managerial accounting QUESTION 23 Lily Caf operates a chain of coffee shops. The company pays rent of $20,000 per year for each shop. Supplies (napkins, bags, and condiments) are purchased as needed. The manager of each shop is paid a salary of $3,000 per month, and all other employees are paid on an hourly basis. Relative to the number of customers for a shop, the cost of supplies is which kind of cost? A Foxed cost. B. Variable cost OC. Mixed cost OD. Relevant cost