Control charts for variables are based on data that come from:
A) acceptance sampling.
B) individual items.
C) averages of small samples.
D) averages of large samples.
E) the entire lot.
C
Business
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Which of the following statements is true if the variable cost per unit increases while the sales price per unit and total fixed costs remain constant?
A) The breakeven point decreases. B) The contribution margin increases. C) The breakeven point remains the same. D) The breakeven point increases.
Business
Lawson bought a parcel of raw land in 1963 and subdivided it into four separate lots. Twenty-five years later, he sold each lot for $10,000. The adjusted basis for each lot was $2,000. Lawson's long-term capital gain on these transactions is:
A: $8,000; B: $32,000; C: $40,000; D: Cannot be determined from the information given.
Business