« previous next »

Author Question: A debit may signify a(n) a. decrease in asset accounts b. decrease in liability accounts c. ... (Read 318 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jul 5, 2018
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


trampas

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

Answer: D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Meiosis Accounts for the Segregation of Alleles Meiosis Accounts for the Segregation of Alleles
Meiosis Accounts for the Segregation of Alleles p1 Meiosis Accounts for the Segregation of Alleles p1
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Example of an accounts receivable aging analysis report. Example of an accounts receivable aging analysis report.
Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
United States, southwestern and southern states are suffer from a significant decrease in rainfall United States, southwestern and southern states are suffer from a significant decrease in rainfall
Video: Dendrite Animation

For a complete list of videos, visit our video library