When overhead is applied on the basis of direct labor hours, the variable overhead efficiency variance always has the same sign as the labor efficiency variance
Indicate whether the statement is true or false
True
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An inventor designs a scissors that has interchangeable blades that allow the user to switch from straight cuts to decorative cuts. Identify two possible target markets and explain your answer.
What will be an ideal response?
At December 31 . 2014, the Carboneer Company had 150,000 shares of common stock issued and outstanding. On April 1 . 2015, an additional 30,000 shares of common stock were issued. Carboneer's net income for the year ended December 31 . 2015, was $517,500 . During 2015, Carboneer declared and paid $300,000 in cash dividends on its nonconvertible preferred stock. The basic earnings per common
share, rounded to the nearest penny, for the year ended December 31 . 2015, should be a. $3.00. b. $2.00. c. $1.45. d. $1.26.
Financial statements prepared using generally accepted accounting principles:
a. use historical costs and are not adjusted for the effects of increasing prices. b. use historical costs and are adjusted for the effects of increasing prices. c. use market–based costs and are not adjusted for the effects of decreasing prices. d. use market–based costs and are adjusted for the effects of increasing prices.
Which of the following practices should be followed when writing an informal report?
A. The same format as a memo form should not be used. B. The information should be presented using as many words as possible. C. A copy of the report should be made. D. The paragraph form should be used for the presentation of complex facts.