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Author Question: A credit balance in which of the following accounts would indicate a likely error? a. Fees Earned ... (Read 50 times)

Caiter2013

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on: Jul 5, 2018
A credit balance in which of the following accounts would indicate a likely error?
 a. Fees Earned
  b. Salary Expense
  c. Janet James, Capital
  d. Accounts Payable

Question 2

In the service sector ________.
 
  A) direct labor costs are always easy to trace to jobs
  B) a budgeted direct-labor cost rate may be used to apply direct labor to jobs
  C) normal costing may not be used
  D) overhead is generally applied using an actual cost-allocation rate


katara

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer: B


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