You are charged an early termination fee.
Explanation:
When you sign a contract you will have to see if y<u>ou are viable to pay an early termination fee in case you decide to terminate a contract</u> in between and if so how much it will cost to do so.
<u>There are no other legal obligations in place usually unless directly specified in the service contract. </u>
Usually the fee is to cover for the cost procured or that will be procured on securing newer services in the face of the termination.
Answer:I think it is B punitive damages
Explanation:
Answer:
$125,000
Explanation:
The sales were $500,000
The variable cost of goods sold is $300,000
The variable selling and administrative expenses were $75,000
The fixed costs were $60,000
Therefore the contribution margin ratio using the variable costing can be calculated as follows
CMR= Sales revenue-Variable cost of good sold-The variable selling and administrative expenses
= $500,000-$300,000-$75,000
= $200,000-$75,000
= $125,000
Hence the contribution margin ratio is $125,000
Answer:
A. the assignment of indirect costs to the chosen cost object
Explanation:
Cost allocation is the assignment of indirect cost of the cost object. The indirect costs of the project are not directly attributable to the cost object. So, it requires some basis on which its assignment can be made to cost object. Overhead allocation is the example of cost allocation. So, the correct answer is A. the assignment of indirect costs to the chosen cost object.
