Dustin is planning to open a catering business. Indicate if each of the following examples represents a one-time fixed cost, an ongoing fixed cost, or a variable cost that his new catering business might incur. The van he purchases to transport food and equipment to catering jobs i (Click to select)
The cardboard boxes he uses when delivering boxed lunches are (Clickt a one-time fixed cost.
The kitchen space he rents to prep meals is (Click to select) an ongoing fixed cost. a variable cost.
The monthly ad in a local magazine is (Click to select)
The groceries he purchases for the meals he makes is ( (Click to select) )

Arecession is defined as a period in which

Kcompany estimates that overhead costs for the next year will be $4,900,000 for indirect labor and $1,000,000 for factory utilities. the company uses direct labor hours as its overhead allocation base. if 100,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate?

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.