In a joint costing process, which of the following would not be a sunk cost?
a. direct material and direct labor that has already been spent.
b. money that will be spent to further process an item beyond the split off point.
c. direct labor and overhead that has already been spent.
d. direct material and overhead that has already been spent.
b
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Damon noticed that Elena was not at work today. Damon decided to look at her past behavior to help assess the situation. If Elena tends to be frequently absent, he might ascribe her behavior to being lazy and indifferent. Conversely, if Elena’s attendance is usually high, then he would ascribe her absence to external causes, such as illness or an emergency. What factor that influences our internal and external attributes did Damon use?
A. dispute B. distinctiveness C. consistency D. consensus
Which of the following statements about an information report is NOT accurate?
a. It may move from superior to subordinate as well as from subordinate to superior. b. It contains recommendations if written for a manager by her or hissubordinate. c. It may be formal or informal. d. It may be written or oral.
In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business
Indicate whether the statement is true or false
Assuming a Medicare tax rate of 1.45% and monthly gross wages of $2,500, the amount recorded in Medicare Tax Payable for one quarter for the employee's payroll deduction is
A. a debit for $108.75. B. a credit for $36.25. C. a debit for $36.25. D. a credit for $108.75.