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
Meiosis Accounts for the Segregation of Alleles p2
Science versus religion: What accounts for the conflict and tension that have existed between them?
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Economic recession in 2008 saw a small decrease in demand
Electricity production accounts for 25% of greenhouse gas emissions
Transport accounts for 14% of greenhouse gas emissions