Use the Following Information for the Next 7 Questions

question 110

Multiple Choice

Use the following information for the next 7 questions.
A small accounting firm budgets 200 hours of billings for the next month, and 60% of these hours are expected to be for tax return preparation services, with the remaining 40% for bookkeeping services. Tax work is billed at $50 per hour, and bookkeeping work is billed at $40 per hour. The variable costs for both types of services are $10 per hour. During the month 180 hours were billed, 90 of which were for tax work.
-(Appendix 11A) The contribution margin sales quantity variance was

• A) $720 unfavorable
• B) $540 favorable
• C) $0
• D) $1,200 favorable

Grasp the significance of fossil evidence in understanding plant evolution.

Distinguish between homosporous and heterosporous plants.

Understand the evolutionary origin of microphylls in plants.

Understand the complexity and diversity of sexual responses and disorders.

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Definitions:

Journalize

The process of recording financial transactions in a company's journal, detailing the accounts that are affected and by how much.

Office Expense

Costs related to activities within an office, including supplies, utilities, and administrative salaries, which are necessary for maintaining the office environment.

Journalize

The process of recording transactions in the journal as part of the accounting cycle.

Fees Earned

The revenue a company generates from providing services during a given accounting period.