The flexible budget will report $________ for the flexible (variable) costs
A) $512,000
B) $600,000
C) $480,000
D) $640,000
C
Explanation: C) $600,000 / 25,000 units = $24 standard cost per unit × 20,000 actual units = $480,000
Business
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The current assets section of the balance sheet should include
a. machinery. b. patents. c. goodwill. d. inventory.
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Bob is severely injured after falling off of his roof while cleaning the gutters. If he is unable to provide proof of loss within 90 days, it may
A) be filed up to one year after the date of loss. B) reduce any claims Bob files with the insurer. C) be filed within 18 months after the date of loss. D) invalidate his claim.
Business