Municipal solid waste landfills, when accounted for as proprietary funds, record a liability for closure and post-closure care costs; recording expenses on a units of production basis.
Answer the following statement true (T) or false (F)
True
GASB requires that certain postclosure costs be estimated and accrued during the period the landfill receives solid waste. GASB requires that a portion of future estimated costs be charged as an expense and a liability of the landfill operation on a units-of-production method as waste is accepted.
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Indicate whether the statement is true or false
Several senior managers recently left Bass Automobile Inc. and went to work at Unicorn Autos Inc., a rival company. What does this imply?
A. Bass Automobiles Inc. faced resource leakage. B. The resource stock of Bass Automobiles Inc. increased. C. The resource flow into Unicorn Autos Inc. was reduced. D. Bass Automobiles Inc.'s tangible assets decreased.
Sparks Company produces and distributes two types of garden sculptures, Plain and Fancy. Budgeted cost and activity for each of its three activity cost pools are shown below. The company plans to produce and sell 64,000 plain units and 49,150 fancy units. ??Budgeted ActivityActivity Cost PoolBudgeted CostPlainFancyPackaging $360,00070,000 finished units130,000 finished unitsMaterial handling$262,500140,000 total parts210,000 total partsProduction setups$125,0005 total setups20 total setupsa. Compute the approximate overhead cost per unit of Plain under activity-based costing.b. Compute the approximate overhead cost per unit of Fancy under activity-based costing.
What will be an ideal response?
Which of the following statements uses an action verb to highlight an aptitude?
A) Competent in creation of multimedia presentations B) Mastered QuickBooks Pro accounting software in 20 hours with minimal instruction C) Ability to develop innovative and interactive Web pages D) Adaptable to changing work environments