Which of the following is a start-up cost?
A) recruiting employees
B) tax factor costs
C) utility costs
D) sales taxes
A
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Typical U.S. GAAP disclosures for deferred income taxes include all of the following except:
a. Components of income tax expense b. Components of income before taxes c. Reconciliation of income taxes at statutory rate with income tax expense d. Components of permanent tax differences
In a revenue-sharing contract, ______.
A. the supplier and buyer share the revenue from sale of products B. the suppliers sell components and materials to the manufacturer at a price below their marginal cost, but the suppliers also share the manufacturer’s revenue, which offsets this loss C. the manufacturer benefits from the increased supply levels and the reduced purchase price of the supplies it purchases D. the burden of overcapacity is borne by the buyer
The fixed overhead application rate is a function of a predetermined activity level. If standard hours allowed for good output equal the predetermined activity level for a given period, the volume variance will be
a. zero. b. favorable. c. unfavorable. d. either favorable or unfavorable, depending on the budgeted overhead.
The largest ever fine by the Occupational Safety and Health Administration (OSHA) was a(n) __________ penalty levied in 2009 against the oil giant BP after a 2005 explosion killed 15 workers and injured 170 others at a BP refinery in Texas.
A. $22 million B. $82 million C. $142 million D. $217 million