The following two items are from Marcia White's "Dining Out" expense category:
1) January monthly variance = $25 (favorable);
(2) February cumulative variance = -$10 (unfavorable).
If Marcia budgeted $85 a month for this activity, we know that she
A)
spent $60 in January and $95 in February.
B)
spent $60 in January and $120 in February.
C)
can bring the activity back within budget by spending $85 in March.
D)
has not budgeted properly.
B
You might also like to view...
S&H Associates has just performed an audit of Bob's Bikes. S&H was unable to obtain a written representation from management about internal control. Which of the following is true?
A. S&H must still assume that management has assessed the effectiveness of internal control. B. Management does not need to give S&H a letter if it has disclosed all known internal control deficiencies. C. S&H should consider this situation a limitation on the scope of the audit. D. Depending on other factors in the audit, S&H can still issue an unqualified opinion.
Which of the following is NOT one of the ways direct exporting happens?
A) overseas sales branch or subsidiary B) domestic-based export agents C) domestic-based export division D) traveling export sales representatives E) foreign-based distributors or agents
How does an employer prevent an ethics screen from becoming an invasion of privacy?
a. Make clear that the ethics screen is a condition of acceptance. b. Have the candidate sign a waiver. c. Have the candidate sign a nondisclosure agreement. d. Ensure that the ethics screen deals only with activities related to work.
Demetri enjoys going to work. He is satisfied with his own capabilities to do his job effectively as well as efficiently. His position gives him the feeling of control and satisfaction of knowing that he can do what it takes to get the job done. Demetri’s feelings can be categorized as the need for
a. Competence and Self-achievement b. Accomplishment and Self-determination c. Competence and Self-determination d. Accomplishment and Self-achievement