Which of the following is a true statement regarding an individual or family
budget?
A) It should be kept on paper only.
B) It will not need to be changed or updated.
C) It can be created on a computer.
D) Budgets don't help with money management.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Personal financial planning is the process of creating and achieving financial goals? true or false

Which of these is not a result of regular exercise