In horizontal analysis, the current year is the base year
a. True
b. False
Indicate whether the statement is true or false
False
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The amount of expired factory equipment insurance is adjusted by
a. debiting Factory Overhead and crediting Prepaid Insurance. b. debiting Equipment Insurance Expense and crediting Factory Overhead. c. debiting Prepaid Insurance and crediting Equipment Insurance Expense. d. debiting Prepaid Insurance and crediting Accounts Payable.
All of the following are features of a standard cost system except:
a. Standards should not be adjusted. b. Standards provide incentives for workers to keep costs in line. c. Comparisons between actual and standard are more effective than comparisons between actual costs of the current period and those of the prior period. d. A standard cost system focuses management attention on materials prices and usages.
If a leader is unbending and unyielding in their ability to listen to follower feedback and ideas, they may be considered a ______ type of leader?
A. incompetent B. rigid C. corrupt D. ignorant
Variable costing income will be greater than absorption costing income when:
a. Sales is greater than production. b. contribution pricing is applied. c. Production is less than or equal to sales. d. Production is greater than sales.