A debit may signify a(n)
a. decrease in asset accounts
b. decrease in liability accounts
c. increase in the capital account
d. decrease in the drawing account
Question 2
When using a normal costing system, year-end accounting records will show that indirect costs are ________.
Legal Advisory Inc., employs 12 full-time attorneys and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2014:
Budget Actual
Indirect costs 270,000 300,000
Annual salary of each attorney 100,000 110,000
Annual salary of each paraprofessional 29,000 30,000
Total professional labor-hours 50,000 dlh 60,000 dlh
A) perfectly allocated
B) underallocated
C) within budget
D) overallocated
Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
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