Answer:
The correct answer is (B) Income Summary
Explanation:
The income summary is a procedure that allows us to glimpse, globally, all the entries that existed in a period. It provides very valuable generalized information, which lets you know how business, work or some investment is going.
To ensure that our results are accurate, we must close all income and expense accounts, and take stock to obtain our conclusions. If the results have not been favorable, we must make the necessary adjustments so that in the next income summary we can obtain better results.
Answer:
The correct statement is: "The fixed cost per unit will decrease when volume increases."
Explanation:
Total fixed costs remain the same within a relevant range, but the <em>fixed cost per unit</em> decreases as production increases, because the same fixed costs are spread over more units produced.
Plagiarism is copying someone's work or borrowing another original ideas.
Plagiarism both easier and harder in the Internet age because <span>you have access to more information. It is harder to get away with because anyone can conduct a word-search.
Thus, choice C is the answer.
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Answer:
Relevant costs:
Selling price= 6.50
Delivery= $125
Explanation:
Giving the following information:
The special project would require all 360 kilograms of the raw material that are in stock and that originally cost the company $2,520 in total.
If the company were to buy new supplies of this raw material on the open market, it would cost $7.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $125 for all 360 kilograms.
The relevant costs are those that affect the decision moving forward. Costs that occurred in the past musn't be taken into account.
Relevant costs:
Selling price= 6.50
Delivery= $125