Which of the following control activities requires that employees take vacations?
a. Separation of duties
b. Physical controls
c. Periodic independent verification
d. Sound personnel procedures
d
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The actual variable cost per customer and variable cost per customer estimated in the plan are $3 and $8, respectively. The actual volume and the volume estimated in the plan are 30,000 units and 20,000 units, respectively
Calculate the cost variance. A) $250,000 B) $100,000 C) -$100,000 D) -$150,000 E) $150,000
OLAP stands for on-line application processing
Indicate whether the statement is true or false
Multi-unit housing associations do not have a right of foreclosure for unpaid fees
Indicate whether the statement is true or false
[The following information applies to the questions displayed below.]Farmer Company purchased machine on January 1, Year 1 for $82,000. The machine is estimated to have a 5-year life and a salvage value of $4,000. The company uses the straight-line method.If the original expected life remained the same (i.e., 5-years), but at the beginning of Year 4, the salvage value was revised to $8,000, what is the annual depreciation expense for each of the remaining years?
A. $13,600 B. $27,200 C. $5,440 D. $14,800