Which of the following is an example of a payroll withholding, and which is an example of an employer payroll tax expense?

Group of answer choices

A. State unemployment tax; Employers portion of FICA

B. Federal unemployment tax; Employee state income tax

C. Employee state income tax; Employees portion of FICA

D. Employee federal income tax; Employers portion of FICA

What does fixed asset depreciation represent?

Group of answer choices

A. The cost of a fixed asset spread out in expense over the assets useful life.

B. How much a fixed asset is used.

C. The change in the resale value of a fixed asset.

D. The change in market value of a fixed asset.

Which of the following is true of actual vs. applied factory overhead costs?

Group of answer choices

A. As actual costs are incurred, Factory Overhead is decreased; as estimated costs are applied to jobs, Factory Overhead is increased.

B. As actual costs are incurred, Overhead Expense is increased; as estimated costs are applied to jobs, Factory Overhead is decreased.

C. As actual costs are incurred, Factory Overhead is increased; as estimated costs are applied to jobs, Factory Overhead is decreased.

D. As actual costs are incurred, Administrative Expense is increased; as estimated costs are applied to jobs, Factory Overhead is increased.