Applied overhead of a company exceeds actual overhead when the
A) Overhead account has a credit balance.
B) journal entry to account for the difference involves a debit to Cost of Goods Sold.
C) Overhead account has a debit balance.
D) company has overspent in the overhead cost area.
A
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A violation where the hazard could cause injury or illness that would most likely result in death or significant physical harm is known as a _____________ violation.
A. serious B. mistaken C. minimum D. willful E. None of the above
A positive effect of organizational culture is to ______ organization members into a way of doing things that is consistent with the goals of the organization and develop a sense of commitment to the organization and its goals.
A. formalize B. socialize C. normalize D. identify
Which of the following represents the minimum legal financial obligation of a common stockholder if a firm is liquidated and additional funds are needed to repay its debt?
A. The redemption value of the common stock B. The par value of the common stock C. The earnings per share of the common stock D. The interest obligation per share of the common stock E. The market value per share of the common stock
A customer's check for $1,270 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check?
A) Accounts Receivable 1,270 Cash 1,270 B) Cash 1,270 Sales Revenue 1,270 C) NSF Check 1,270 Cash 1,270 D) Accounts Payable 1,270 Cash 1,270