An indication that the work sheet columns are in balance and the work sheet is completed is
A) the word "Total" is written at the bottom of each pair of columns
B) each pair of columns is double underlined
C) each pair of columns has the totals circled
D) the final figures are written in ink
B
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Which of the following is exempt from the Administrative Procedure Act's requirement that the public be given notice and an opportunity to comment before a federal agency can promulgate a rule?
a. Rules of agency procedure b. General statements of policy c. Both rules of agency procedure and general statements of policy d. There are no exemptions from the notice and comment requirements
Which of following statements concerning health savings accounts (HSA) is incorrect?
A) Your contributions are tax deductible whether or not you itemize. B) Employer contributions are not included in your gross income. C) Amounts in the account at the end of the year are forfeited. D) Funds in the account may be used as a source of retirement funds.
A head chef of a restaurant encourages his subordinates to be creative in the culinary arts. He does not believe in using prescribed recipes while cooking. Rather, he allows them to create unique recipes and use different ingredients to prepare dishes. This implies that the head chef established ________ goals.
A. performance B. procedural C. equity D. learning E. project
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hourThe company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The variable overhead rate variance for January is:
A. $520 U B. $476 F C. $476 U D. $520 F