multiple choice All of the following are correct statement for…

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Question Answered step-by-step multiple choice All of the following are correct statement for… multiple choice All of the following are correct statement for Purchase Order except for:A. Is a written request to a supplier for specified goods at an agreed upon price. B. It also stipulates the terms of delivery and terms of payment. C. It the supplier’s authorization to deliver goods and submit a bill. D. Usually sent to inform the purchasing department of a need for materials or supplies. It is a cost of non-productive hours of direct labor caused by lack of work, waiting for materials delays from scheduling.A. Waiting time or idle time B. Make-up pays C. Overtime premium D. Shift premium What kind of method for spoiled materials is used if the effect of this method will increase the unit cost of the remaining perfect finished article in the job?A. Charged to specific job B. Charge to all production C. Both A and B D. None of the above A method of cash discount in which the discount is only recognized when the account is paid within the discount period.A. When taken method B. When not taken method C. When offered method D. None of the above All of the following are correct statement for Shift Premium except for:A. Extra pay to work during less desirable evening shift or night shift. B. Should be charge to factory overhead control account rather than work in process. C. Both A and B D. None of the above The following are deducted from the gross pay when computing for the employee’s taxable incomeA. Social Security System B. Philippine Health Insurance Corporation C. Home Development Mutual Fund D. All of the above Employers contribution includes:A. SSS, Philhealth and HDMF B. SSS, Philhealth, HDMF and withholding taxes C. Union dues and loans D. Both B and C are correct. The amount of employee tax to be withheld each period depends upon the following:A. Amount of employee’s earnings B. Frequency of the payroll C. Both A and B D. Neither A nor B  Accounting Business Cost Accounting Share QuestionEmailCopy link Comments (0)