The Manager at Wheeling Mulch Has Been Trying to Calculate

question 76

Multiple Choice

The manager at Wheeling Mulch has been trying to calculate the portion of the company's overhead expenses that is fixed and the portion that is variable.Over the past twelve months,the number of yards of mulch processed was highest in July,when the total monthly overhead costs totaled $28,000 for 32,000 yards of mulch processed.The lowest number of yards of mulch processed in the last twelve months occurred in October,when total overhead costs were $26,000 for 28,000 yards of mulch processed.What was the variable cost per yard?

• A)$0.50
• B)$2.00
• C)$0.88
• D)$0.93

Calculate and remit sales taxes when not separately shown on cash registers.

Account for subscription-based revenue and how to handle unearned revenue.

Recognize and report sales tax collected as a current liability.

Understand the accounting and reporting requirements for contingent and estimated liabilities.

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