Author Question: In which of the following types of accounts are increases recorded by credits? a. revenues and ... (Read 70 times)

karen · **on:** Jul 5, 2018

In which of the following types of accounts are increases recorded by credits?
a. revenues and liabilities
b. drawing and assets
c. liabilities and drawing
d. expenses and liabilities

Question 2

Luke employs 20 professional cleaners. Budgeted costs total 1,800,000 of which 1,550,000 is direct costs. Budgeted indirect costs are 750,000 and actual indirect costs were 795,800.

Budgeted professional labor-hours are 1,000,000 and actual hours were 1,218,000. What is the budgeted direct cost-allocation rate?
A) 1.80 per hour
B) 1.7857 per hour
C) 0.75 per hour
D) 1.55 per hour