The percentage-of-sales method of preparing pro forma income statements assumes that ________
A) sales are fixed
B) all costs inversely vary with sales
C) all costs are independent
D) all costs are variable
D
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In your opinion, the relationship between the thing desired and the potential purchaser is best defined as:
A: The relationship between utility and value; B: The relationship between demand and value; C: Value; D: The present worth as opposed to future income.
Hebert & Co CPA's anticipates that partners will bill 1,00 . professional hours, managers will bill 7,500 professional hours and staff accountants will bill 25,00 . professional hours. Billing rates are $250, $150 and $75 for partners, managers and staff accountants, respectively, and salary rates are $100 . $60 and $30 for partners, managers and staff accountants, respectively. What is Hebert &
Co's budgeted professional labor cost? a. $3,500,000 b. $2,070,000 c. $2,500,000 d. $1,300,000