Which of the following is used in the computation of the variable-overhead spending variance? Actual Variable Overhead CostBudgeted Variable Overhead Based on Actual HoursStandard Variable Overhead AppliedA.NoYesNoB.NoNoNoC.YesNoYesD.YesYesNoE.YesYesYes
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: D
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Once you have resigned in a meeting with your supervisor, you do not need to document your resignation in a letter or e-mail
Indicate whether the statement is true or false
Code Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:Code CorporationCustomer Service DepartmentData InputsResource Data: Number of employees 18 Average salary per employee$37,740 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85%?Activity Data:Processing OrdersResolving QueriesProcessing Credit ReviewsMinutes per unit of the activity162838?Cost Object Data:Customer GCustomer HCustomer INumber of orders processed28195Number of queries resolved18118Number of credit reviews processed111?On the Customer Cost Analysis report in time-driven activity-based costing, the cost per minute
of the resource supplied would be closest to: A. $0.37 per minute B. $18.50 per minute C. $0.31 per minute D. $15.73 per minute
The legal right to sue for a breach of contract is subject to a statute of limitations
a. True b. False Indicate whether the statement is true or false
Identify which of the following statements is true.
A) The depreciation recapture potential for a Sec. 1245 property is not included in the definition of a Sec. 751 asset. B) For Sec. 751 purposes, "substantially appreciated inventory" means property held for sale to customers whose market value exceeds its adjusted basis. C) Inventory for Sec. 751 purposes includes all property except cash, capital assets, and Sec. 1231 assets. D) All of the above are false.