Answer:
labor cost = 15,000
Explanation:
We are going to use the formula for applied overhead and solve for the cost driver, which in this case is labor cost.
labor cost * 0.70 = 10,500
10,500/0.70 = labor cost
labor cost = 15,000
The correct answer is Neutral stance
Answer:
Sales ticket, Telephone bill, Invoice from supplier and Bank statement
Explanation:
Source documents are used as source of information for accounting entries that can be either electronic or paper form. It is the original document which contains the details of a business transactions. It is the source to record accounting transactions. Usually it contains 'Names of the parties involved, Amounts, the date and substance of the transaction'. Simply for the auditor it serves as an evidence to accounting transactions and for the company it serves as a proof.
<u>Source documents:</u>
Sales tickets, it is the evidence to sales revenue
Telephone bill, it is the evidence to telephone expense
invoice from supplier, it is the evidence to purchases
Bank statement, it is the evidence to 'bank charges like interest expense, interest income.
Answer:
Letter a. is correct. <u>TRUE.</u>
Explanation:
This statement is correct because a supply chain is part of the macroenvironment, and operational risk can be defined as different results than expected due to internal or external events.
The current economic scenario appears to be unstable, as political, economic, technological, social and other changes are occurring all the time, which can represent significant external risks in a supply chain, where there is no control by the buyer or supplier.
Some examples of uncontrollable operational risks are:
- Fraud and misconduct;
- Systemic failure;
- Safety;
- Human error.
For this reason, the importance of risk management, which includes planning, identification, qualitative and quantitative analysis, response planning and monitoring and control processes, which together will provide subsidies for less vulnerability in the supply chain and less risk.
