Abby Cleaning Services planned to provide cleaning services to 50 customers for $30 per hour during the month. Each job was expected to take 4 hours. The company actually served 5 less customers than expected and spent an average on each job of 4.5 hours. What is Abby Cleaning Services Revenue for the month?

Answer:

TRUE

Explanation:

In managerial accounting, there are 2 meanings and significance of a relevant range.

1. The relevant range is the level of activity (range) that a firm is operating i.e. the volume of its production activity.

2. The relevant range is the level of activity within which certain cost behaviors are true i.e. whether the costs by their characteristics are fixed or variable.

Beyond a relevant range, cost behaviors could change in 2 ways

1. Variable costs could start manifesting the characteristic of semi variable costs or mixed costs or

2. Fixed costs could become stepped and become stepped fixed costs.

Therefore cost estimations which is based on cost behavior are only VALID within the relevant range. It is only within a given level of output that certain cost estimations holds true.

Answer:

90 Days

Explanation:

As generally, an insurer has got all the rights to recover from the insurance company, which are enclosed in the insurance agreement.

When there is a group plan and there is discontinuity on the part of carrier then the insurer holds the right to get the service for 90 days, from the date of discontinuity or that of total disability.

This period is define as per the legal terms of an insurance agreement, made under the prevailing laws and regulations.

A purchase of an asset on account increases assets. The assets account is increased due to the new addition of purchased asset. It also increases the liability section because it was purchased on account. Any purchase, addition or acquisition of assets will increase the assets account while any removal or disposal of assets decreases it.