Management accounting often requires forward-looking data because of the futuristic nature of

Australia Company manufactures sonars for fishing boats

Model 70 sells for $260. Australia produces and sells 5,600 of them per year. Cost data are as follows: Variable manufacturing $110 per unit Variable selling and administrative $15 per unit Fixed manufacturing $280,000 per year Fixed selling and administrative $160,000 per year A potential deal has come up for a one-time sale of 32 units at a special price of $115 per unit. The marketing manager states that the sale will not negatively impact the company's regular sales activities and will require the normal variable manufacturing costs and selling and administrative costs. The production manager states that there is plenty of excess capacity and the deal will not impact fixed costs. The controller points out, however, that because the expected increase in revenues are equal to the expected increase in costs to fill the order, the deal will not have any impact on the bottom line. The controller is correct in his statement. Indicate whether the statement is true or false

Which of the following is TRUE regarding deductibles that pertain to Part D of the standardized Personal Automobile policy?

a. The deductible amount scheduled on the policy for Part D - Collision is $250 and for Part D - Other Than Collision is $500. Any adjustment to these amounts must be made by endorsement. b. A deductible of $250 is standard for Part D and applies to both the "Collision" or "Other Than Collision" coverage. c. A single deductible amount, chosen by the insured, applies to both the "Collision" coverage and the "Other Than Collision" coverage. d. There are separate deductible amounts, chosen by the insured, for the "Collision" coverage and the "Other Than Collision" coverage.