Under a standard cost system, the journal entry to record direct labor includes ________
A) a debit for standard direct labor quantity for actual production times standard direct labor cost per hour
B) a credit for standard quantity usage for actual production times actual cost per hour
C) a debit for actual quantity times standard cost per hour
D) a credit for standard quantity for actual production times standard cost per hour
A
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Which of the following would be a "common" cause of variation?
A) random sources B) a machine in need of repair C) an untrained worker D) a defective raw material
Which of the following is the most important factor motivating dividend policy for large American corporations?
A) Changes in EPS B) Maintain constant dividend payout ratio C) Avoiding flotation costs of selling new stock D) Avoid reducing dividends per share