The iMac computer, or the service cost of repairing an iMac computer, are examples of:
A) cost objects.
B) cost assignments.
C) direct costs of a cost object.
D) indirect costs of a cost object.
E) semi-direct costs of a cost object.
A
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The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows
Blankets Pillows Total Sales revenue $820,000 $300,000 $1,120,000 Variable costs 465,000 240,000 705,000 Contribution margin 355,000 60,000 415,000 Fixed costs 66,000 76,000 142,000 Operating income (loss) $289,000 $(16,000 ) $273,000 If Sweet Dreams can eliminate total fixed costs of $28,000 by dropping the pillows line, operating income will increase by $16,000. Indicate whether the statement is true or false
The term for the withdrawal of an offer by an offeror is_____________
a. Rescission b. Rejection c. Revocation d. Removal