Which of the following accounts would not appear on a schedule of cost of goods manufactured?
A. Factory insurance expired.
B. Indirect labor.
C. Wages payable.
D. Raw materials inventory.
E. Depreciation on factory equipment.
Answer: C
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Answer the following statements true (T) or false (F)
There are only a few examples of accounting standards that emphasize the effects of transactions on the income statement to the exclusion of their impact on the balance sheet.
Which of the following guarantees that a witness testifying in a court or legislature may never be sued for defamation?
a. recovery principle b. protected right to slander c. defamation privilege d. absolute privilege
Sigmo Company, which uses a standard cost system, budgeted $800,000 of fixed overhead when 50,000 machine hours were anticipated. Other data for the period were:Actual units produced: 10,600Actual machine hours worked: 51,800Actual variable overhead incurred: $475,000Actual fixed overhead incurred: $790,100Standard variable overhead rate per machine hour: $8.50Standard production time per unit: 5 hoursSigmo's variable-overhead efficiency variance is:
A. $10,200F. B. $15,300U. C. $15,300F. D. $10,200U. E. None of the answers is correct.
Answer the following statements true (T) or false (F)
1. Electronic data interchange (EDI) is a standard format for exchanging business data. 2. A click-through is a count of the number of people who visit one site and click on an advertisement that takes them to the site of the advertiser. 3. E-government involves the use of strategies and technologies to transform government(s) by improving the delivery of services and enhancing the quality of interaction between the citizen-consumer within all branches of government. 4. Content providers are companies that use the Internet to distribute copyrighted content, including news, music, games, books, movies and many other types of information. 5. Online brokers act as intermediaries between buyers and sellers of goods and services.