Recording employee payroll deductions may involve:
A. Expenses for the employer portion of any medical insurance.
B. Liabilities to federal and state governments.
C. Liabilities to the employer.
D. Expenses for state unemployment.
E. Expenses for the gross wages and salaries.
Answer: B
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Monitoring performance to ensure that day-to-day goals are being implemented and taking corrective action as needed is known as ______ control.
A. strategic B. functional C. operational D. tactical E. managerial
The services and information a company acquires from its vendors is ______.
A. tangible B. intangible C. finished goods D. raw materials
Traditional organization theory uses which of the following to motivate workers?
A) bonuses B) self-esteem C) nature of the work itself D) increased responsibility E) job satisfaction
In computing its predetermined overhead rate, Stiles Company inadvertently left its indirect labor costs out of the computation. This oversight will cause:
A. the debits to the Manufacturing Overhead account to be understated. B. Manufacturing Overhead to be overapplied. C. the ending balance in Work-in-Process to be overstated. D. the Cost of Goods Manufactured to be understated.