The primary difference between variable costing and absorption costing is:
a. in absorption costing, fixed manufacturing overhead is a product cost.
b. in variable costing, fixed manufacturing overhead is a product cost.
c. in absorption costing, fixed selling and administrative costs are product costs.
d. in variable costing, variable selling and administrative costs are product costs.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators