Justifiable Homicide ________

question 46

Multiple Choice

Justifiable homicide ________.

• A)is no longer a part of written law in the United States.
• B)is usually performed by police.
• C)is not a category reported on any official measure of homicide.
• D)is also called "unintentional manslaughter."

Recognize the factors that influence the inclusion of goods in the physical count of inventory.

Understand the accounting treatment for goods held on consignment.

Distinguish between the cost of goods sold and the cost of goods available for sale.

Recognize the management's ability to manipulate net income through the selection of inventory cost formulas.

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Definitions:

Variable Manufacturing Overhead Cost Incurred

The total variable costs that have been spent during a particular period for activities related to manufacturing overhead.

Total Variable Overhead Variance

The difference between the actual variable overhead cost incurred and the expected variable overhead cost estimated in the budget.

Labour Efficiency Variance

This is a measure of the difference between the actual labor hours used in production and the standard labor hours expected to produce the same level of output.

Variable Manuf. Overhead

Indirect, variable costs incurred during the manufacturing process, excluding direct labor and direct materials.