Which of the following statements is false?
a. In computing labor standards, items such as fringe benefits and unemployment taxes should be included.
b. In compiling material standards, both the quality of the material and the price per unit should be considered.
c. Overhead costs are assigned to separate cost pools based on cost drivers.
d. Overhead cost are not usually shown on a standard cost sheet.
d
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Which of the following is an important internal control over payroll?
A) separating the duties of the disbursement of paychecks from the recording of payroll transactions in the ledger B) separating the duties of safeguarding property from record-keeping of property C) separating the duties of approving invoices from signing disbursement checks D) separating the duties of cash disbursement from bank reconciliations
A time line is meaningful even if all cash flows do not occur annually.
Answer the following statement true (T) or false (F)
When it comes to collective bargaining laws, states vary widely in the degree of protection they provide to workers.
Answer the following statement true (T) or false (F)
How long does a product's entire life cycle last today?
A. 4 years B. 40 weeks C. 4 months D. 4 weeks