Which of the following is not classified as a noncurrent liability?
a. Bonds payable
b. Capital lease obligations
c. Current portion of long-term debt
d. Mortgage payable
c
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Discuss the difference between an affirmative easement and a negative easement.
What will be an ideal response?
Which of the following is true regarding direct labor variances?
A) The labor efficiency variance measures the difference between what was paid to direct laborers and what should have been paid. B) The labor rate and labor efficiency variances will always add up to the total labor variance. C) The labor rate variance measures the difference between the labor hours that were actually used and the labor hours that should have been used. D) The labor rate variance measures the difference between the labor hours that were originally budgeted and the labor hours that should have been used. E) The labor rate variance measures the difference between the labor hours that were actually used and the labor hours that were originally budgeted.
What does the fixed overhead cost variance measure?
What will be an ideal response
Eagleson Company's quality cost report is to be based on the following data: Net cost of scrap$75,000Liability arising from defective products$32,000Warranty repairs and replacements$80,000Re-entering data because of keying errors$75,000Supplies used in testing and inspection$18,000Quality data gathering, analysis, and reporting$62,000Final product testing and inspection$21,000Test and inspection of in-process goods$44,000Systems development$45,000? ?What would be the total internal failure cost appearing on the quality cost report?
A. $96,000 B. $150,000 C. $107,000 D. $155,000