Which of the following is not a reason standard costs are separated into two components? a. if a negative variance is overshadowed by a favorable variance, managers may overlook potential corrections b. identifying variances determines which manager must find a solution to major discrepancies c. the price and quantity variances need to be identified separately to correct the actual major differences d. variances bring attention to discrepancies in the budget and require managers to revise budgets closer to actual results

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases. b. the equilibrium wage increases and the equilibrium quantity of labor decreases. c. the equilibrium wage decreases and the equilibrium quantity of labor increases. d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.