In which of the following situations is having a good credit score important

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed

Harrizon [31]

Answer: See explanation

Explanation:

(a) The materials price variance for March is:

Actual cost of materials purchased = $7310

Less: Standard cost of actual quantity = 0.75 × $8600 = ($6450)

Direct material price variance = $860 Unfavorable

(b) The materials quantity variance for March is:

Standard cost of actual quantity = 0.75 × $7200 = $5400

Less: Standard cost of standard quantity = 3 × 2000 × $0.75 = $4500

Direct material quantity variance = $900 Unfavorable

(c) The labor rate variance for March is:

Actual cost of direct labor = $8610

Less: Standard cost of actual hours = 840 × $12 = $10080

Direct labor rate variance = $1470 favorable

(d) The labor efficiency variance for March is:

Standard cost of actual hours = 840 × $12 = $10080

Less: Standard cost of standard hours = 2000 × 0.4 × $0.12 = $9600

Direct labor efficiency variance = $480 Unfavorable

8 0

3 years ago

What factor led to the explosive growth of digital crime over the past few decades?

labwork [276]

The factors that led to the explosive growth of digital crime over the past few decades are the following;

<span>· </span>Credit card fraud – credit card info became a vulnerable to theft because of the online purchases made by consumers

<span>· </span>Identity theft – personal information of other people are being used by fraud to retrieve information or to retrieve things that could be of favor to them.

5 0

4 years ago

Cutoff tests designed to detect valid sales that occurred before the end of the year but have been recorded in the subsequent ye

Oksanka [162]

Answer:

b. Completeness

Explanation:

Cut off tests are designed to ensure that transactions which relate to a particular period are reported in that very period.

Assertions refers to the claims made by the management and it's staff relating to various aspects of the business.

Cut off procedures provide an auditor with evidence against management's assertion of completeness and occurrence of a transaction.

Completeness refers to whether transactions pertaining to a period have been recorded.

Occurrence means that recorded transactions ain't fictitious and have actually happened.

8 0

3 years ago

Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: a. no pollution

mrs_skeptik [129]

Answer:

d. pollution should be eliminated as long as the benefit from a cleanup exceeds the opportunity cost.

Explanation:

Opportunity cost is defined as the forgone cost of doing a particular activity. If you were not undertaking this activity what would you have gained by doing something else?

In this case as long as the benefit from cleaning up the pollution is greater than the opportunity cost (pollution) it should be undertaken.

5 0

3 years ago

How to choose the answer .

barxatty [35]

The answer is B. Just trust me

6 0

3 years ago

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