A favorable labor rate variance is created when:
A. actual hours worked are less than standard hours allowed.
B. actual wages paid are less than amounts that should have been paid for the number of hours worked.
C. actual labor hours worked exceed standard hours allowed.
D. actual units produced exceed budgeted production levels.
E. actual units produced exceed standard hours allowed.
Answer: B
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______ is the agency of the federal government responsible for occupational safety and health inspections.
A. Affordable Care Administration B. Workers’ Compensation Administration C. Social Security Administration D. Occupational Safety and Health Administration
On the maturity date after the last interest payment is recorded, any premium or discount on bonds payable is always fully amortized.
Answer the following statement true (T) or false (F)
On April 1 Richard arranges to buy a sixteen-speed bike from his neighbor Phil for $500. Phil agrees to deliver the bike on May 1. Richard writes a draft for $500 payable to Phil on May 1. In this situation, the draft is
a. acertificate of deposit. b. atime draft. c. asight draft. d. apromissory note.
Artwork, a major part of most advertisements, consists of the
A. illustration and the signature. B. illustration and the layout. C. illustration and type of print used in the headlines. D. layout and the signature. E. method by which all the components are put together.