At Its Present Level of Operations,a Small Manufacturing Firm Has

question 65

Multiple Choice

At its present level of operations,a small manufacturing firm has total variable costs equal to 75 percent of sales and total fixed costs equal to 15 percent of sales.Based on variable costing,if sales change by $1.00,income will change by

• A)$0.25.
• B)$0.10.
• C)$0.75.
• D)can't be determined from the information given.

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Definitions:

Rightfully Reject

pertains to the legitimate refusal of an offer, goods, or services that do not meet contractual or predetermined criteria or standards.

Small Dent

A minor indentation or damage on a surface, typically referring to physical objects like vehicles.

Tender of Delivery

The act of offering goods for delivery to a buyer in accordance with a sales contract.

Reasonable Notice

The notice period that is considered fair to inform parties about a decision or action, often used in employment termination and contractual changes.