ACCT 311 Discussion 2 Liberty University
Each member of the group will select one question below. You may not select a question that has already been posted by another group member. Please be sure that you clearly identify the question number you have selected.
- What is meant by a product’s contribution margin? How is this ratio useful in planning business operations?
- What is meant by the term operating leverage? Is high operating leverage a positive or negative position?
- Compare and contrast the arguments of treating fixed manufacturing costs as product costs/period costs.
- Under absorption costing, how is it possible to increase net operating income without increasing sales? Is this ethical in all situations?
- Relate the IMA standard of competence to Biblical principles.