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01. Cost of sales is which type of account and on which financial statement is it shown?
Type of Account
02. Operating budgets include all the following budgets except the:
Selling expense budget.
Merchandise purchases budget.
General and administrative expense budget.
The LLB Company recently reported total variable costs of $797,040, total fixed costs of $46,980 and a net
income of $55,980.
If the company’s sales price is $25 per unit, what is the contribution margin per unit rounded
to the nearest penny?
Crusty Burger is local fast-food restaurant. Customers place orders for hamburgers at a counter located at the front of
the restaurant and pick their order up when their name is called.
They can then choose whatever vegetables they
want such as lettuce and pickles at a condiment bar.
The cost of the vegetables would be classified as a
manufacturing overhead cost
direct material cost
Simon, Inc. had the following account balances:
What are the company’s total assets?