For a factory worker, all of the following are charged to Factory Overhead except:
a. the shift premium paid because the worker works the "graveyard" shift.
b. the payroll taxes related to direct labor time.
c. the overtime premium paid as a result of a "rush" job stipulated by the customer contract.
d. the make-up guarantee paid because the employee did not reach the quota set forth in a modified wage plan.
c
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When the Federal Reserve makes a loan to a bank at the discount window,
A. the Fed requires that the loan be repaid the next day. B. the interest rate charged by the Fed is equal to the federal funds rate. C. the loan is backed by collateral. D. the Fed requires the bank to buy additional deposit insurance.
Product unit cost is computed by dividing the cost of goods sold by the number of units sold
Indicate whether the statement is true or false
How could an individual obtain a business tax credit?
A. Through flow-through from a partnership or S corporation B. By working overseas and obtaining a foreign tax credit C. Through self-employment activities D. All of these choices are correct
When using vertical analysis, we express balance sheet accounts as a percentage of:
A. Total liabilities. B. Sales. C. Total stockholders' equity. D. Total assets.