The starting point in computing consolidated taxable income is the sum of the separate Federal taxable income amounts of the affiliated group members

Pancho's Convenience Mart buys Coca-Cola in 2 liter plastic bottles for $1.00. They use a 50% markup and sell the bottles for

A) $3.00 B) $2.00 C) $1.50 D) $1.25 E) $.50

Costs that do not vary with production levels or sales revenue are known as ________

A) overhead costs B) variable costs C) average costs D) opportunity costs E) total costs