Answer: After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation
Explanation:
Efficiency has to do with one's ability to achieve a particular goal while avoiding wastage. One who does something efficiently, does that particular thing sufficiently.
The option that relates to efficiency is option D "After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date".
This brings about efficiency as one is on track to achieving a goal.
Answer:
$3.10 ; $2.10 and $14.20
Explanation:
The computation of the activity rates is shown below:
For Activity 1
= Budgeted cost ÷ Total budgeted activity of cost driver
= $94,550 ÷ (18,200 + 8,100 + 4,200)
= $94,550 ÷ 30,500
= $3.10
For Activity 2
= Budgeted cost ÷ Total budgeted activity of cost driver
= $53,550 ÷ (7,100 + 13,200 + 5,200)
= $53,550 ÷ 25,500
= $2.10
For Activity 3
= Budgeted cost ÷ Total budgeted activity of cost driver
= $59,995 ÷ (1,175 + 1,000 + 2,050)
= $59,995 ÷ 4,225
= $14.20
Answer:
Option (D) is correct.
Explanation:
We all know that a country imposes tariffs on the imports of a commodity to restrict imports from other country.
Specific tariff is a type of tariff that will be imposed on the every unit of a commodity that will be imported in a country. It is a amount of money that a person have to pay for every unit he or she imports.
It is mostly levied on the products like Fertilizers, rice, wheat, cloth, sugar, cement, etc.
Answer:
Journal entries for the Completion of Job 113
Debit Finished Good/Inventory Account $ 7500
Credit WIP JOB 113 Account $ 7500
(In words we will debit finished good account by shifting work in process related to the job 113 in it)
Journal entries for the Completion and sale of Job 85
Debit Finished Good/Inventory Account $ 2300
Credit WIP JOB 113 Account $ 2300
For sales following two entries will be passed.
Debit Cost of Good Sold Account $ 2300
Credit Finished Good/Inventory Account $ 2300
Debit Cash (or Receivable if credit sale) $ 4500
Credit Sales Account $ 4500
