If income tax effects are ignored, accelerated depreciation methods
a. provide funds for the earlier replacement of fixed assets
b. increase funds provided by operations
c. tend to offset the effect of steadily increasing repair and maintenance costs on the income statement
d. tend to decrease the fixed asset turnover ratio
Answer: c. tend to offset the effect of steadily increasing repair and maintenance costs on the income statement
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In the Goblette Manufacturing Company, indirect labor is budgeted for $108,000 and factory supervision is budgeted for $36,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is:
a) $148,500. b) $144,000. c) $162,000. d) $157,500.
For a sport to be included on the Winter Olympic Program it must be practiced by
A. men in at least 75 countries on four continents and by women in at least 40 countries on three continents. B. men in at least 75 countries on four continents and by women in at least 75 countries on two continents. C. in at least 25 countries on three continents. D. men or women in at least 25 countries on two continents.