Personnel action forms are used to do all of the following except
a. activate new employees
b. terminate employees
c. record hours worked
d. change pay rates
C
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Indicate whether the statement is true or false
Cridberg Corporation's selling and administrative expenses for last year totaled $260,000. During the year the company's prepaid expense account balance increased by $18,000 and accrued liabilities decreased by $12,000. Depreciation for the year was $25,000. Based on this information, selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be:
A. $205,000 B. $315,000 C. $265,000 D. $255,000
A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is $283.33 . Roy Foxworthy claims himself and three dependents. His monthly salary is $3,150 . Compute Foxworthy's taxable income per month
When would a cost variance be listed as unfavorable?
A. When actual costs exceed budgeted costs B. When actual costs are equal to budgeted costs C. When actual sales are less than budgeted sales D. When actual costs are less than budgeted costs