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3 years ago

Company policy for internal control should include all of the following except

1 answer:

maks197457 [2]3 years ago

6 0

The policy that shouldn't been included for company's internal control is: <span> Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks.
Bank statements should always be handled by A DIFFERENT EMPLOYEES from the one that handles payment and writes checks. If two of them handled by one person, we shouldn't be able to detect if that employee is conducting a fraud</span>

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Wilson is currently producing a component for one of its products. Wilson has received an offer to buy the component from an out

lorasvet [3.4K]

Answer:

Option B

Explanation:

In simple words, avoidable costs refers to those expenditures which can be avoided by the management of the business if they want to as such expenditures are usually made for additional support.

Irrelevant costs include factors which will not be impacted by a management action, whether positively or negatively. Consequently, unnecessary factors, such as static overhead as well as sunken factors, are overlooked in making the choice. Nonetheless, in addition to ultimately save the company it is important for a management to be able to discern an insignificant expense.

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3 years ago

Mervon Company has two operating departments: Mixing and Bottling. Mixing has 350 employees and Bottling has 350 employees. Indi

krok68 [10]

Answer:

Allocated administrative cost for mixing is $81000

And allocated administrative cost for for bottling is $81000

Explanation:

We have given total number of employs for mixing = 350

And total number of employs for bottling = 350

Administrative cost = $162000

So total number of employs = 350+350 = 700

So allocation base for mixing $=\frac{350}{700}=0.5$

So allocated amount for mixing = 0.5×$162000 = $81000

Allocation base for bottling = $=\frac{350}{700}=0.5$

So allocated amount for bottling = 0.5×$162000 = $81000

3 0

2 years ago

A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo

vova2212 [387]

Answer: The options are given below:

A. $18.00

B. $1,036.80

C. $2.00

D. $7.20

E. $64.00

The correct option is D. $7.20

Explanation:

From the question above, we were given:

Annual demand = 100,000 units

Production = 4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

We will be using the EPQ or Q formula to calculate the cost setup, thus:

Q = √(2Ds/H) . √(p/(p-d)

200=√(2x400x250s/40 . √(4000/(4000-400)

200=√5,000s . √1.11

By squaring both sides, we have:

40,000=5,550s

s=40,000/5,550

s=7.20

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3 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? AA fire destroys almost

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D a tree branch breaks your window

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3 years ago

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3 years ago