Answer:
True
Explanation:
Must have ... definition of competent: "Having the necessary ability, knowledge, or skill to do something successfully."
Meaning:
For an organization to be successful, it must have a person who is able to convey or exchange information, especially one who is eloquent or skilled, with the "necessary ability, knowledge, or skill to do something successfully."
So...:
You cannot be a successful organization without someone who is good at getting their point across.
(Pay attention to definitions and put the peices together) :D
Answer:
correct answer is option C
Explanation:
correct answer is option C
fair value is the price which we will receive to sell an asset or paid to transfer the liability .It is the price of asset at which it is exchange between knowledgeable parties by there own will and not under any pressure.
when the assets is being exchanged at the market then this type of exchange is known as market value.
hence, the most suitable answer is option C FAIR VALUE
Answer:
Total cost assigned to Job XY5:
Direct material cost 4,000
Direct labour cost (50 hrs x $15 x 50 units) 37,500
Overhead applied (50 hrs x $4 x 50 units) 10,000
Total cost of the job 51,500
Overhead absorption rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
=<u> $80,000</u>
20,000 hrs
= $4 per direct labour hour
Explanation:
The total cost of the job is the aggregate of direct material cost, direct labour cost and overhead. Overhead is absorbed based on direct labour hours. We need to calculate overhead absorption rate by dividing the budgeted overhead by budgeted direct labour hours. The overhead absorption rate is used to multiply the direct labour hours of the job in order to obtain the overhead applied to the job.
