A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours. The company's choice of the denominator level of activity has no effect on the fixed manufacturing overhead budget variance.
Answer the following statement true (T) or false (F)
True
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The future value of $7,000 deposited today and compounded quarterly at a 16% annual interest rate for five years is
A) $14,724. B) $14,702. C) $8,517. D) $15,338.
Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010 . Payment occurs on January 20. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% The entry to record the payroll would include a
a. debit to Salaries Payable for the net amount. b. credit to State Unemployment Tax Payable. c. debit to Salaries Expense for the amount paid to the employees. d. debit to Salaries Expense for the gross payroll.
How many phases are in the Runde and Flanagan model of helping moderate negative emotions from getting out of control?
A. 2 B. 3 C. 4 D. 5
Which of the following is a NOT a disadvantage of leasing an automobile?
a. vehicle is not owned b. lease agreements are not consumer friendly c. monthly lease payments are lower than monthly purchase payments d. lessees pay extra costs for mileage, repair, and early return costs e. qualifying by lessees