Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.
Answer the following statement true (T) or false (F)
True
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Because direct operating expenses are split among departments on the departmental accounting income statement, direct operating margin can be calculated for each department
Indicate whether the statement is true or false
Which of the following statements concerning tax preferences is true?
A. Tax preferences make the tax law more neutral across taxpayers. B. The annual revenue loss from federal tax preferences is quantified in the Tax Expenditures Budget. C. Tax preferences simplify the tax law. D. Tax preferences increase the fairness of the tax law.
An exculpatory clause seeking to hold a party completely blameless in a contract is acceptable in all states except Louisiana, California, and Florida
Indicate whether the statement is true or false
The Shum Company makes a product, Z, from two materials: X and Y. The standard prices and quantities are as follows: X Y ?Price per pound$6 $9 ?Pounds per unit of product Z 10 5 ?In May, 21,000 units of Z were produced by Shum Company, with the following actual prices and quantities of materials used: X Y Price per pound$5.70 $8.40 Pounds used 216,000 114,000 Is the total direct materials mix variance favorable or unfavorable?
A. Favorable. B. Unfavorable.