A transposition error will cause the trial balance to be out of balance by an amount that is evenly divisible by two
Indicate whether the statement is true or false
False
You might also like to view...
Sam loves shopping. She frequently goes window shopping in the city. During times of need, she visits the nearest supermarket even though she loathes going there. Which of the following is most likely to be the reason why Sam shops in the supermarket?
A. Brand image B. Location C. Customer service D. Price E. Unique merchandise
Which of the following is considered a team contextual influence?
A. member abilities B. size C. task characteristics D. process facilitation
Moreland Manufacturing Inc Moreland Manufacturing Inc produces and sells stainless steel faucets. In the current year, the company had budgeted for the production and sale of 6,000 faucets but, due to unexpected demand, 7,000 faucets were actually produced and sold. Each faucet has a standard requiring 15 ounces of direct material at a cost of $.40 per ounce and 15 minutes of assembly time at a
cost of $.20 per minute. Actual costs for the production of 7,000 faucets were $41,359.50 for materials (106,050 ounces purchased and used @ $.39 per ounce) and $21,560 for labor (98,000 minutes @ $.22 per minute). Refer to the Moreland Manufacturing Inc information above. Moreland's direct materials usage variance is: A) $ 420 U. B) $ 420 F. C) $6,420 U. D) $6,420 F.
An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money
A. goes back to the employer, helping the employer contain costs. B. is forfeited. C. belongs to the employee. D. is placed in the employee's retirement account.