Steve worked as a tech supervisor for a computer company. In September of 2016, he was laid off. He was paid unemployment compensation for the rest of the year totaling $7,000 . Which of the following is true?
a. Steve will have to report all $7,000 of the unemployment compensation as income.
b. Steve will have to report $4,600 of the unemployment compensation as income.
c. Unemployment compensation is never taxable.
d. As long as the unemployment compensation payments are less than the taxpayer's previous salary, they are not taxable.
e. None of the above is true.
a
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Indicate whether the statement is true or false.
Choco Sweet Inc gives you the following information: The standard labor time of 0.75 labor hour is required to produce one unit. The standard labor cost for a 10 pound bag of chocolate is $8 per labor hour. The following is data relating to the actual cost and usage data. Direct labor hours used 5,000 hours Total cost of direct labor $42,500 Number of good units produced 8,500 units Using the
above information provided for Choco Sweet, compute the direct labor efficiency variance for Choco Sweet. A) $8,500 (U) B) $2,500 (F) C) $11,000 (F) D) $1,375 (U)
Which of the following stages of the five-stage development model for teams is when members of the team form a cohesive unit and close relationships among team members develop?
A. adjourning B. storming C. forming D. norming
In allocating fixed costs to products in activity-based costing,
a. direct labor hours should always be used as the allocation base. b. a company should use the same allocation base that it uses for variable costs. c. a cost driver that is not volume-related should be used. d. machine hours should always be used.