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01. Which of the following accurately reflects a cost-volume-profit relationship?
Sales - Total Variable Costs + Fixed Costs = Net Income
Contribution Margin =
Net Income + Fixed Costs
Contribution Margin = Sales - Fixed Costs
Sales - Total Variable Costs = Net Income
Sales - Total Variable Costs - Fixed Costs = Contribution Margin
Just Juice produces quality fruit juices and related products.
Which of the following would be classified as
for the company?
the price paid for apples.
the wage paid to a factory worker.
the price paid for labels.
the rent paid on the factory
= steven, Kevin…….
none of the above.
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Which of the following is not an example of an overhead cost:
utility costs for the factory
lease payments on production line equipment =period cost
delivery costs for finished products
maintenance costs on production line equipme
salary of production line managers
Use the following information from the accounting records of Sling Blade Farming Company to answer
questions #04 and #05.
Cost of goods sold
Income tax expense
04. What are Sling Blade's total assets?
What is Sling Blade's net income?
Net sales- cost and expenses = 300,000 – (220,000+3,000+1,000+15,000+4,000)
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