Under the actual cost method, which of the following expenses, if any, will not be allowed?
A. Car registration fees.
B. Auto insurance.
C. Interest expense on a car loan (taxpayer is an employee).
D. Dues to auto clubs.
E. All of these.
Answer: C
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In analyzing manufacturing overhead variances, the volume variance is the difference between the
a. amount shown in the flexible budget and the amount shown in the debit side of the overhead control account. b. predetermined overhead application rate and the flexible budget application rate times actual hours worked. c. budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period. d. actual amount spent for overhead items during the period and the overhead amount applied to production during the period.
Chris’ boss stood over him at his desk yelling at him about Chris’ work error. The boss’ behavior is which form of aggression?
A. verbal-active-direct B. physical-active-direct C. verbal-active-indirect D. verbal-passive-indirect
How many simple random samples of size 3 can be selected from a population of size 8?
A. 336 B. 24 C. 56 D. 6561
Which of the following trade terms means that the seller has an obligation to deliver the goods to a named place for transfer to a carrier?
A. ex works B. dead freight C. free D. demurrage