Opie Corporation Reported the Following Operating Costs and Environmental Quality

question 21

Multiple Choice

Opie Corporation reported the following operating costs and environmental quality costs for the past four years.Assume that all environmental quality costs are variable and that all changes in the quality cost ratios are due to an environmental cost reduction program.
- What is the change in environmental costs from 2012 to 2013?

• A) $37,000
• B) $41,000
• C) $12,000
• D) $672,000

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Definitions:

Bank Reconciliation

The analysis that details the items responsible for the difference between the cash balance reported on the bank statement and the balance of the cash account in the ledger.

Company's Accounts

Records that contain the financial transactions, assets, liabilities, and equity of a company.

Deposits in Transit

Cash and checks that have been received and recorded by a business but not yet reflected in the bank's records.

Bank Statement

A summary of all checking account transactions mailed to the depositor or made available online by the bank each month.