Generally, a personal umbrella policy is an expensive policy that provides excess liability insurance over basic underlying contracts

Allen Company manufactures staplers. The budgeted sales price is $14.00 per stapler, the variable costs are $3.00 per stapler, and budgeted fixed costs are $10,000. What is the budgeted operating income for 4,300 staplers?

A) $47,300 B) $37,300 C) $60,200 D) $12,900

Mission statements should be market oriented and defined in terms of satisfying basic customer needs

Indicate whether the statement is true or false