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Zero-based budgeting requires managers to justify every additional dollar they put in the budget compared to last year.

Suppose that a function f{“version”:”1.1″,”math”:”f”} has a vertical asymptote x=2{“version”:”1.1″,”math”:”x=2″}, an oblique asymptote, passes through the origin and the following sign lines for the first/second derivatives. Select all of the statements that are true:

Which of the following is a nonlinear cost function?

Suppose that a function is 1)  continuous and differentiable on the interval 0,∞{“version”:”1.1″,”math”:”0,∞”} 2)  the only asymptote on the graph is x=0{“version”:”1.1″,”math”:”x=0″} 3)  the graph has a minimum when x=1{“version”:”1.1″,”math”:”x=1″} 4)  the graph is concave up for all x{“version”:”1.1″,”math”:”x”} in the domain   Write three conclusions you can make about the graph in terms of information that you can obtain from the first and second derivatives.

Sales total $400,000 when variable costs total $300,000 and fixed costs total $50,000. The breakeven point in sales dollars is ________.

Refer to the previous question. What is the accounts receivable balance on December 31?

For any actual level of output, the efficiency variance is the budgeted price multiplied by the difference between actual quantity of input purchased and the budgeted quantity of input allowed to produce budgeted output.

Richard Hamilton owns a fast food franchise and must pay a franchise fee each year of $35,000 plus 3% of sales. In terms of cost behavior, the franchise fee would best be described as a:

Dunham Inc. provided the following information regarding its only product: Sales price per unit  $50.00 Direct materials per unit  $8.00 Direct labor per unit $9.25 Variable manufacturing overhead per unit  $6.00 Variable selling and admin expenses per unit  $3.50 Fixed manufacturing overhead  $65,000 Fixed selling and administrative expenses  $12,000 Units produced and sold  20,000 Assume no beginning inventory Assuming there is excess capacity, what would be the effect on operating income of accepting a special order for 3,000 units at a sales price of $45 per product assuming additional fixed manufacturing overhead costs of $5,000 is incurred? (NOTE: Assume regular sales are not affected by this special order.)

One-time-only special orders should only be accepted if ________.