Total fixed costs are $300. The selling price is $15. Average variable costs are $5. The break-even volume of production is ________ units

Responsibility for variable overhead spending and efficiency variances is generally assigned to production departments

Indicate whether the statement is true or false

Which of the following statements describes the letter of credit?

a. It is a bank's obligation to pay a sum of money. b. It is issued by a bank on behalf of its customer. c. It is usually irrevocable. d. All of the above