External changes from industry have great impact in the things that we do personally. Every moment there are new technology that are being developed that simplified our daily life. With this fast paced improvement in our technology, we tend to adapt and make use of those new technology to improve our daily activities. It can be in a form of entertainment, communication or travelling.
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement
<h3>What is common-size statement?</h3>
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.
The common-size statement refers to expressing each value as a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
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<h2><u>
Answer</u>
: Break-Even point ( in units)= Fixed Costs ÷ (Sales price per unit – Variable costs per unit) </h2>
Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee costs.
<h2><u>
Explanation</u>
:</h2>
Formula :
Break-Even point ( in units)= Fixed Costs ÷ (Sales price per unit – Variable costs per unit)
Given, Price of knit scarves = $25
Contribution margin ratio = 60%
Contribution margin per unit = (Price of knit scarves) x (Contribution margin ratio )
= $(25 x 0.60 )
= $15
Current entrance fees = $900
Percentage in increase in entrance fees = 10%
Increase in entrance fees = 10% of $900 = $90
Extra scarves to be sold 
Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee costs.
The answer is true and not false
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Refurbishing materials:
Variable cost= $600
Fixed costs= $18,800
Estimated cost= 600*35 + 18,800= $39,800
Actual cost= 600*32 + 18,800= $38,000
Refurbishing activity variance= Estimated - actual cost
Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable
