<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>
Answer:
Transformation process.
Explanation:
When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.
A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.
In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.
Answer:
False
Explanation:
Required time, budget and resources are the factors to be calculated before development of that project. First phase of a project is requirement, after requirement these factors should be estimated. Once a project is developed then there is no use of these estimates.
There are a lot of reasons in buying a certain a product and sometimes we buy things which are not really necessary. One great example for emotional consumer motive in when we buy food because we need them to survive in this world.
Answer:
1. 4,200
2. $12,810
3. -$3,090 Unfavorable
4. a. $265 Favorable
b. -$3,355 Unfavorable
Explanation:
The computation of given question is shown below:-
1. Standard labor-hours
Standard labor-hours = Shipped items × Direct labor-hours
= 140,000 × 0.03
= 4,200
2. Standard variable overhead cost allowed
Standard variable overhead cost allowed = Standard variable Overhead rate per hour × Standard labor-hours
= $3.05 × 4,200
= $12,810
3. Variable overhead spending variance
Variable overhead spending variance = Standard variable overhead for actual output - Actual variable Overhead
= $12,810 - $15,900
= -$3,090 Unfavorable
4. a. Variable overhead rate variance
Variable overhead rate variance = (Actual hours × Standard rate per hour) - Actual variable Overhead
= (5,300 × $3.05) - $15,900
= $16,165 - $15,900
= $265 Favorable
b. Variable overhead efficiency variance
Variable overhead efficiency variance = Standard rate per hour × (Standard hours - Actual hours)
= $3.05 × ( 4,200 - 5,300)
= $3.05 × -$1,100
= -$3,355 Unfavorable
