FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which TWO of the following statements relating to marginal costing are TRUE? a. Contribution equals revenue minus all variable costs b. It can be used

Which TWO of the following statements relating to marginal costing are TRUE? a. Contribution equals revenue minus all variable costs b. It can be used for external financial reporting c. Inventory valuation includes all variable costs d. There is no fixed overhead volume variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Non Accounting Students

Accounting For Non Accounting Students

Authors: John R. Dyson

7th Edition

0273709224, 9780273709220

Students also viewed these Accounting questions

Question

★★★★★
Two Brother Productions makes all sales on credit. Cash receipts arrive by mail. Justin Broaddus in the mailroom opens envelopes and separates the checks from the accompanying remittance advices....

Answered: 1 week ago

Question

★★★★★
Delma Company manufactures a variety of products in a variety of departments, and evaluates departments and departmental managers by comparing actual cost and output relative to the budget....

Answered: 1 week ago

Question

★★★★★
=+c) What null hypothesis can we test with the t-ratio for R Rating?

Answered: 1 week ago

Question

★★★★★
In the coming year, Gascon Company expects to sell 74,600 units at $30 each. Gascons controller provided the following information for the coming year. Units production .............80,000 Unit...

Answered: 1 week ago

Question

★★★★★
Assume a corporation has earnings before depreciation and taxes of $108,000, depreciation of $46,000, and that it has a 35 percent tax bracket. a. Compute its cash flow using the following format....

Answered: 1 week ago

Question

★★★★★
Job Order Costing Completing this activity will help you learn to: Determine amounts in a job order cost accounting system for a manufacturing business. Extract information from a data set using...

Answered: 1 week ago

Question

★★★★★
knowing the stockbroker personally is a most important factor when selecting a stockholder 1)True 2)False

Answered: 1 week ago

Question

★★★★★
4. Relation between F and R. In our notes, we claim that F has an alternative expression (SSRR - SSRU)/#r F SSRU/(n - K) 1 ermitted where SSRR is the sum squared residuals from the restricted...

Answered: 1 week ago

Question

★★★★★
Why must crime scene notes be taken in pen in a hard-bound notebook? (note: there may be more then 1 correct answer) a. The lead from a pencil can be poisonous b. Spiral bound notebooks are just not...

Answered: 1 week ago

Question

★★★★★
The 20 kg block is subjected to a force of F 580 N acting at an angle of 35 and a force of F2 = 410 N acting in the negative x direction = while in contact with a smooth surface. Assume the box can...

Answered: 1 week ago

Question

★★★★★
What would be the result of the following code being executed? class Main { public static void main(String args) { System.out.println("Learning Java is fun"); } } a.) We would get an error as there...

Answered: 1 week ago

Question

★★★★★
For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment diagrams. V1 = 700 lbf, V2=43 lbf/in, V3 = 8 in, and V4 = 6 in. v3 v2 v4 v4 Provide values at all...

Answered: 1 week ago

Question

★★★★★
Describe the objectives and activities of risk management. Is risk management essential in a contemporary health care organization? Why, or why not?

Answered: 1 week ago

Question

★★★★★
Outline a long-term approach that you would recommend for narrowing a credibility gap that might exist between an organizations HR department and its department managers.

Answered: 1 week ago

Question

★★★★★
Why is it a common practice to outsource an organizations Employee Assistance Program (EAP)?

Answered: 1 week ago

Previous Question Next Question