Refer to the information above. The Akron factory employs two quality control inspectors at an annual salary of $70,000 each. These salaries should be classified as:
A. Common fixed cost.
B. Variable cost.
C. Committed fixed cost.
D. Controllable fixed cost.
D
You might also like to view...
All of the following statements about the Enlightenment are true EXCEPT
A. it refers to a wave of new, challenging ideas based on human reason and scientific inquiry. B. it believed that the pursuit of material goods beyond subsistence shapes social conduct. C. it promoted the idea that human beings are ends in themselves. D. it encouraged individual choices and allowed individuals to focus on material pleasures.
The accountant of Barnes Architectural Services failed to make an adjusting entry to record $7,000 of depreciation expense. Which of the following statements is true?
A) The total revenue will be overstated. B) The total revenue will be understated. C) The total expenses will be overstated. D) The total expenses will be understated.