Nielson Corp. sells its product for $8,800 per unit. Variable costs per unit are: manufacturing, $4,800, and selling and administrative, $100. Fixed costs are: $24,000 manufacturing overhead, and $32,000 selling and administrative. There was no beginning inventory at 1/1/12. Production was 20 units per year in 2012 -2014. Sales was 20 units in 2012, 16 units in 2013, and 24 units in 2014. Income under variable costing for 2013 is

Marla has two living children, David and Al, who each have two children. Her daughter, Amy, was killed in an automobile accident last year, but left three surviving children. Marla wants her will to specify that her children and grandchildren equally split her estate. Which of the following terms matches her desires?

a. per stirpes b. per escheats c. per testamentary d. per capita

The main difference between activity-based costing and traditional costing systems is that activity-based costing uses a separate allocation base for each activity

Indicate whether the statement is true or false