AICPA states that information technologies are
A. affecting the way in which organizations operate
B. changing the nature and economies of accounting activity
C. changing the competitive environment in which accountants operate
D. all of the choices are correct
Answer: A
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Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard QuantityStandard Price or RateStandard CostDirect materials 5.8pounds$0.60per pound$3.48Direct labor 0.5hours$33.50per hour$16.75Variable manufacturing overhead 0.5hours$8.50per hour$4.25During March, the following activity was recorded by the company:•The company produced 2,400 units during the month. •A total of 19,400 pounds of material were purchased at a cost of $13,580. •There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the
warehouse. •During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour. •Variable manufacturing overhead costs during March totaled $14,061. The direct materials purchases variance is computed when the materials are purchased.The variable overhead efficiency variance for March is: A. $935 U B. $935 F C. $1,060 U D. $1,060 F
The work sheet is a type of accountant's working paper
Indicate whether the statement is true or false
The best way to personalize correspondence is by using pronouns. When using pronouns like you, the focus is on
A) The reader. B) The ego. C) The team. D) The staff.
The advantage of ________ over ________ depreciation is that you can write off more of your capital costs in the earlier years
A) straight-line depreciation; the modified accelerated cost recovery system B) straight-line depreciation; straight-line deductions C) MACRS; straight-line depreciation D) MACRS; straight-line deductions