Administrative agencies have been referred to as the fourth branch of the U.S. Government
a. True
b. False
Indicate whether the statement is true or false
True
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When adjusting for depreciation of factory equipment, Factory Overhead (Depreciation Expense) is debited and Accumulated Depreciation-Equipment is credited
Indicate whether the statement is true or false
Which of the following is true regarding the measurement and use of indirect and intangible benefits in capital investment decision making?
A) ABC has made identifying indirect benefits easier. B) Intangible benefits cannot be measured. C) Indirect and intangible benefits should not be considered, only direct costs and benefits are considered. D) Actions by competitors are not considered. E) none of these
A collective noun is a:
A. group of things or persons. B. collection of adjectives. C. noun that can be used as a verb. D. noun that is really an adjective.
Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Golden uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pounds per unit; $3 per pound Labor: 4 hours per unit; $20 per hour During the first quarter, Golden produced 5,000 units of this product. At the end of the quarter, an examination of the direct materials records showed that the company used 9,500 pounds of direct materials and the direct materials cost variance was $3,750 U. Which of the following is a logical explanation for this variance? A) The company used more labor hours than allowed by the standards. B) The company paid a higher cost per hour for labor than allowed by the standards. C) The company used a greater quantity of direct materials than allowed by the standards. D) The company paid a higher cost for the direct materials than allowed by the standards.