The following is not a primary component of an internal control system <u>Control environment .</u>
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The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.
Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.
Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.
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Answer:
The actual labor rate per hour is $12
Explanation:
First and foremost, we need to understand that a direct labor spending variance of $990(unfavorable) means that the firm spent an additional $990 compared to what was expected.
Also, the spending variance is computed as the actual labor rate minus the standard labor rate multiplied by the actual labor hours worked
spending variance=(actual labor rate-standard labor rate)*actual labor hours
spending variance=$990
actual labor rate=unknown=(assume it is X)
standard labor rate=$11
actual labor hours worked=990
$990=(X-$11)*990
$990/990=X-$11
$1=X-$11
X=$1+$11
X=actual labor rate=$12
Answer:
b. strive to cut costs and increase efficiency.
Explanation:
Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.
Answer:
Boeing sells an airplane to the Air Force is purchases by the Government
Boeing sells an airplane to the American Airlines is Investment
Boeing sells an airplane to the Air France is net exports
Boeing sells an airplane to the Amelia Earhart is Consumption
Boeing builds an airplane to be sold next year is an Investment
Explanation:
Purchases by Government represent goods and services bought by Federal,State or Local tier of Government and Air Force is part of the Government
Investment refers to goods bought in order to produce other goods or services,since American Airlines would convey passengers in the airplane,no doubt it is an investment.
Net export exports relate to worth of goods and services provided to other nations less the value of such goods and services the foreign nations provided to ours.Since the sale to a foreign company,it is ultimately a net exports taking import as zero.
Consumption refers to sale of goods and services to private individuals intended for private use.
Building up stock for sale next year is an investment in inventory.
Answer:
a.$5 per direct labor hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $100,000 ÷ 20,000 direct labor hours
= $5 per direct labor hour
Simply we divide the total estimated manufacturing overhead by the estimated direct labor hours so that the correct rate can come
All other information which is given is not relevant. Hence, ignored it
