External link to Question : 21) Which of the following propositions reflected by the calculus : 1222592

Question : 21) Which of the following propositions reflected by the calculus : 1222592

  21) Which of the following propositions is reflected by the calculus of fraud? A) Individuals will commit fraud when the reward is lower than the product of the probability of getting caught and the perceived gravity of the loss. B) Individuals will commit fraud when the product of the probability of getting caught and the perceived gravity of the loss is greater than the […]

External link to Question : 81. Determine the activity-based cost for each tape drive unit. A. $97.73B. $232.69C. $394.12D. $103.84 82. Which of : 1251756

Question : 81. Determine the activity-based cost for each tape drive unit. A. $97.73B. $232.69C. $394.12D. $103.84 82. Which of : 1251756

    81. Determine the activity-based cost for each tape drive unit. A. $97.73B. $232.69C. $394.12D. $103.84   82. Which of the following is not a cost pool used with the activity-based costing method? A. direct labor hoursB. production setupsC. machine hoursD. all are ABC cost pools   83. Activity rates are determined by A. dividing the actual cost for each activity pool by the actual activity base for that pool.B. dividing the cost budgeted for each activity pool by the […]

External link to Question : 43.When standard costs used in a cost accounting system: A. A favorable : 1259705

Question : 43.When standard costs used in a cost accounting system: A. A favorable : 1259705

    43.When standard costs are used in a cost accounting system:    A. A favorable cost variance results when standard amounts are less than actual costs.   B. Cost variances are shown in the year-end balance sheet as assets, if favorable, or as liabilities, if unfavorable.   C. Costs charged to the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts are actual costs. […]

External link to Question : 71. Which of the following is/are true about goodwill? A. Goodwill reflects the : 1245670

Question : 71. Which of the following is/are true about goodwill? A. Goodwill reflects the : 1245670

    71. Which of the following is/are true about goodwill?  A. Goodwill reflects the value of knowledgeable employees. B. Goodwill reflects the value of a reputation for quality products. C. Under both U.S. GAAP and IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill. D. Firms must test goodwill annually for a loss in value. E. all of the above   72. Which of […]

External link to Question : 61.Which of the following would be classified as a batch : 1257148

Question : 61.Which of the following would be classified as a batch : 1257148

    61.Which of the following would be classified as a batch level activity?    A. Depreciation on production equipment   B. Inspection of a product, where each unit must be individually inspected   C. Changing machine configuration before starting a production run   D. Sales commissions     62.Sales commissions are an example of:    A. unit-level activities.   B. batch-level activities.   C. facility-level activities.   D. product-level activities.     63.Depreciation on […]

External link to Question : 89.              What the first step a government takes in acquiring : 1255414

Question : 89.              What the first step a government takes in acquiring : 1255414

  89.              What is the first step a government takes in acquiring goods or services through the General Fund? A)Appropriation B)Expenditure C)Requisition order D)Encumbrance 90.              Assume encumbrances do not expire at year-end.  $16,000 was encumbered during the prior year for a computer and the actual cost of the computer in the current year is $14,000.  How does this affect unassigned fund balance? A)Previous Year: increase […]

External link to Question : 61. A process cost accounting system records all factory overhead : 1256546

Question : 61. A process cost accounting system records all factory overhead : 1256546

    61. A process cost accounting system records all factory overhead costs directly in the Goods in Process Inventory accounts.     62. In process costing there is never a balance remaining in Factory Overhead that needs to be closed at period end.     63. In process costing, indirect materials are charged directly to Goods in Process Inventory.     64. If the […]

External link to Question : 61. Which of the following is/are true regarding the accounting for : 1245713

Question : 61. Which of the following is/are true regarding the accounting for : 1245713

    61. Which of the following is/are true regarding the accounting for defined contribution plans?  A. When pension assets equal pension liabilities and the expected rate of return on pension investments equals the discount rate used to compute the projected benefit obligation, the amounts offset each other. B. When the interest cost exceeds the expected return on pension investments, either employer contributions or future earnings on pension […]

External link to Question : 76. If the wage rate paid per hour differs from the : 1227014

Question : 76. If the wage rate paid per hour differs from the : 1227014

    76. If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed a: A. variable varianceB. rate varianceC. quantity varianceD. volume variance   77. If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed a: A. time varianceB. price varianceC. quantity varianceD. rate variance   78. The following data relate to direct labor costs for the […]

External link to Question : 8.5   Questions 1) Disposal of a plant asset always occurs after : 1232330

Question : 8.5   Questions 1) Disposal of a plant asset always occurs after : 1232330

  8.5   Questions 1) Disposal of a plant asset always occurs after the asset has been fully depreciated. 2) When an asset is disposed of, the current period’s depreciation expense account must be updated to the time of the disposal. 3) The first step in recording a disposal transaction is to figure the gain or loss on the disposal. 4) GAAP requires that exchanges of […]

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