ABC Method considers multiple activities for cost allocations as opposed to single activity (labour)

True

False

25. EBIT and Net Income are the same.

True

False

16. Benchmarking begins with:

a. Completely redesigning a business process to improve it.

b. Determining the constraints within a given manufacturing process.

c. Studying organizations that are the best at a particular task.

d. A determination to only build products to meet specific customer orders.

42. If the contribution margin is $55,000, the total variable expense is $30,000, and the Fixed cost is $15,000. Then Total Profit is :

40,000

25,000

10,000

15,000