Answer: (a) Materials = $2 and Labor = $2.8
(b) Materials = $11,94,000 and Labor = $16,71,600
Explanation:
(a) Standard cost :
Standard cost is evaluated as a per unit amount.
For Materials,
= 
= $2
For Labor,
= 
= $2.8
(a) Budgeted cost :
Budget cost are evaluated as the total amount.
Therefore, for this year the budgeted cost are Materials = $11,94,000 and Labor = $16,71,600
Answer:
B. medium of exchange.
Explanation:
Money as a medium of exchange is used to facilitate the selling and purchasing of goods and services between parties. Money is widely accepted as a standard of value by parties engaged in the exchange of commodities. It means that one party readily accepts an amount of money in exchange for a product or service that is believed to be worth the amount on offer.
Tara is exchanging her $50,000 for the house. Although the money is only a down-payment, it gives her the right to claim ownership of the house. Once she has fully paid for the house using money, she can only lay a claim on the house, not the money.
Answer:
b) False
Explanation:
One of the key features of a good internal control system is the segregation of duties (SoD).
The principle of the segregation of duties entails that an individual is not allowed to initiate a transaction, review and approve the same transaction. In other words, a good internal control system would not allow an individual carry out all processes for a transaction from initiation, to authorization to approval to recording.
A system in which these responsibilities are shared mitigates against the risk of fraud and error.
Hence, in a good system of internal control, the person who initiates a transaction should be NOT be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records
Answer:
I'm figuring this out for you!
Explanation:
Answer:
Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.
First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.
20 + 10 +30 = 60
40 + 0 + 40 = 80
40 + 10 = 50
Then exchangeing these numbers into values and we have the following equation.
x + 2y + 3z = 60
2x + 4z = 80
2x + z = 50 so its easy
If you will solve them manually by substituting their variables into these equations, you can get
x = 20
y = 5
z = 10
Explanation:
