Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,480,000, what is its contribution margin?

It is common to do all of the following during the beginning of a focus group session, EXCEPT

a. participants are told that only one person should speak at a time b. participants should try their best to give the right answers. c. participants are asked to briefly introduce themselves d. participants are given some refreshments and an opportunity to engage in some small talk e. participants are told that everyone's opinions are equally valued

Which of the following results in a favorable flexible budget variance?

A) The actual direct labor cost was less than the static budget labor cost. B) The actual variable overhead cost was less than the flexible budget overhead cost. C) The actual direct material cost per unit was less than the standard direct material cost per unit. D) The actual fixed overhead cost per unit was less than the predetermined fixed overhead cost per unit.