Globalization is having an impact on administrative office management

Which of the following amounts of a flexible budget remains constant, within the specified relevant range, when the sales volume changes?

A) total contribution margin B) total fixed costs C) total variable costs D) total sales revenue

A manufacturer may report three inventoriees on its balance sheet: (1) raw materials, (2) work in progess, and (3) finsihed goods. Indicte in what sequence these inventories generally appear on a balance sheet.

(a) raw materials, work in progress, finished goods (b) work in progress, finished goods, raw materials (c) finished goods, raw materials, work in progress (d) finished goods, work in progress, raw materials