A company has sales of $400,000 and variable costs of $280,000. What is the contribution margin ratio?

A service company uses time-and-material pricing. The labour rate is $60 per hour and includes profit. The material loading charge is 30 percent of direct materials. A job requires 6 labour hours and $500 of direct materials. What is the total price charged to the customer?

Which of the following positions is primarily responsible for financing activities such as borrowing and investing?

The production budget is prepared before the sales budget.

A cost that remains constant in total but changes per unit as activity changes is best described as:

A company sells a product for $50 per unit. Variable cost is $32 per unit. Fixed costs are $180,000 per year. What is the contribution margin per unit?

A company uses variable cost-plus pricing. Variable manufacturing cost is $24 per unit and variable selling cost is $6 per unit. Total fixed costs are $360,000 and desired operating income is $140,000. Expected sales volume is 25,000 units. What is the required selling price per unit?

A company sells 15,000 units at $40 per unit. Variable cost is $28 per unit. Fixed costs are $120,000. What is operating income?

An individual who is admitted to an alcohol detoxification unit has had no alcohol intake for 2 days. On admission the patient is noted to have tremors, anxiety, insomnia, and disorientation accompanied by tachycardia, diaphoresis, and greatly increased agitation. These signs and symptoms are characteristic of the syndrome known as:

A small airline uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,140 per month plus $2,038 per flight plus $1 per passenger. The company expected its activity in January to be 73 flights and 229 passengers, but the actual activity was 74 flights and 224 passengers. The actual cost for plane operating costs in the month was $180,560. The activity variance for plane operating costs in the month would be closest to: