Answer:
Any adjustment section in the Accounts ought to be assessed and ought to be endorsed by the controller before posting it. The supporting clear archive to be delivered and held with the voucher for review reason.
Here, the case is money receipt is recorded twice, and requirements to book revising passage. Necessities to examine about the section, and need to cross check with money equalization and deals balance, Cash receipt number etc.to ensure this is a real case and ensure no fraud is occurring.
Fayol's function of management which means pulling organizational elements toward common goal objection is COORDINATING.
Fayol proposed that all managers perform the same basic functions, which are five in number, they are: planning, organizing, commanding, coordinating and controlling.
Answer:
1. For whom to produce
Explanation:
One of the basic economic problem of the society is "For whom to produce". this means determining the target of production effort, who and who will get what. In this question the target of production is students struggling in math.
The price system allocates the output of production effort in a free market economy while the government through the central planning committee allocates resources in a socialist economy.
Apart from the question of For whom to produce, other fundamental problem of society are, what to produce and how to produce.
Answer:
A)
standard :direct material :9000/1000=9 pound per bad*.40=3.6
DL :48/1000=.048 *8.5=.408
voh: 16/1000=.016*10=.16
Actual Standard
DM 3578/1000=3.578 3.6
DL 450/1000=.45 .408
VOH 225/1000=.225 .16
Total variable cost per bag $4.253 4.168
b)
Materials price variance =actual cost-[AQ*SR]
=3578-[9300*.40]
= 3578- 3720
= -142 F
Quantity variance =SR[AQ-SQ]
= .40[9300-9000]
= 120 U
Labor rate variance = Actual cost-[ah*sR]
= 450-[45*8.5]
= 450-382.5
=67.5 U
Labor efficiency variance =SR[AH-SH]
= 8.5[45-48]
= -25.5 F
Variable overhead rate variance = actual cost- [AH*SR]
= 225-[18-10]
= 225-180
= 45 U
VO efficiency variance =SR[AH-SH]
= 10[18-16]
= 20 U
c)
A-Use of higher skilled employees and high efficiency equipment.
Engagement of skilled labor requires high payment resulting unfavorable variance and with the use of high efficiency equipment ,labor time is reduced resulting favorable variance.
Answer:
b
Explanation:
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