Spencer Company had overapplied factory overhead of $5,00 . last year. Which of the following statements is not true?
a. A higher level of production may have been achieved than budgeted for.
b. The Work in Process account was overcharged for the costs of factory overhead incurred during the period.
c. The actual factory overhead expenses may have been less than budgeted for the operating level achieved.
d. Assuming the amount is not material enough to distort net income, Cost of Goods Sold should be increased by this amount.
d
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Which of the following is not true about quality costs?
a. Lost sales resulting from quality problems would be classified as external failure costs. b. If a company is doing a good job in prevention activities, appraisal costs should be minimal. c. It is generally less expensive if a defective good is shipped to a customer than if the defect is detected prior to shipment. d. Generally, if a company devotes resources to prevention, its appraisal, internal failure and external failure costs should decline.
A deed in which the grantor of real property transfers whatever interest he or she has in the property to the grantee is known as a ________
A) quitclaim deed B) general warranty deed C) grand deed D) special warranty deed
In an actual project, one means of crashing critical path activities would be to perform at a lower level of quality
Indicate whether the statement is true or false
The primary goal of the North American Free Trade Agreement (NAFTA) was to A) allow Canada, the United States, and Mexico to compete as a common economic entity against other countries in the world
B) allow for the free and unrestricted movement of people from one country to another to improve the labor market of all three counties. C) eliminate almost all trade barriers between the three nations. D) establish a common set of tariffs and trade restrictions for external countries.