Modify This Question for Your Province

question 214

Multiple Choice

Modify this question for your province.) Fred sold Carole his old MacIntosh computer and the printer with eight programs for $2900.After she paid $1000,Carole quit paying.When she had no complaint about the computer,printer or programs but just wouldn't pay,Fred decided to sue.He would most likely begin his action in:

• A) Small Claims Division, Provincial Court
• B) Criminal Division, Provincial Court
• C) B.C. Supreme Court
• D) B.C. Court of Appeal
• E) Federal Court

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Definitions:

Contribution Margin

The difference between a company's sales revenue and variable costs, which contributes to covering its fixed costs and generating profit.

Variable Cost

Expenses that change in proportion to the amount of goods produced or the volume of services provided.

Variable Costing

A costing approach in which only variable manufacturing costs are product costs, and fixed manufacturing costs are period costs (expenses).

Absorption Costing

A costing approach in which all manufacturing costs are charged to the product.