Big data is a passing fad of little importance

The journal entry to record indirect labor costs incurred includes a debit to Manufacturing Overhead and credit to Wages Payable

Indicate whether the statement is true or false

Kim Sunshades Company's western territory's forecasted income statement for the upcoming year is as follows

Sales revenue $850,000 Variable costs (540,000 ) Contribution margin $310,000 Fixed costs (480,000 ) Operating loss $(170,000 ) The company's management is considering dropping the western territory and has determined that 80% of the fixed costs are avoidable. What is the change in the forecasted operating loss for the upcoming year if the western territory is dropped? Assume the company predicts an operating loss across the entire company. A) The loss will be reduced by $74,000. B) The loss will be increased by $74,000. C) The loss will be reduced by $384,000. D) The loss will be increased by $384,000.