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irakobra [83]
3 years ago
5

To what degree, if at all, is a significant deficiency related to a material weakness? It is less severe than a material weaknes

s. It is more severe than a material weakness. It is unrelated to a material weakness. It is equivalent to a material weakness.
Business
1 answer:
Brut [27]3 years ago
5 0

Answer: It is less severe than a material weakness

Explanation:

A SIGNIFICANT DEFICIENCY is described as a deficiency or an amalgamation of deficiencies that are NOT as severe as a MATERIAL WEAKNESS ( which is quite serious and must be reported to the Audit Committee and be reflected in the financial statements) but still important enough for those people in charge of the company's financial records to take notice.

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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct
Sauron [17]

Answer:

Variable overhead efficiency variance= $558 favorable

Explanation:

Giving the following information:

Variable overhead 0.60 hours $ 3.10 per hour

Actual output 4,100 units

Actual direct labor-hours 2,280 hours

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (0.6*4,100 - 2,280)*3.10

Variable overhead efficiency variance= $558 favorable

8 0
3 years ago
Assume Baldwin is producing 2,498 units of Bill next year. What would Bill's plant utilization be?
Digiron [165]

Answer: Option A

<u>Explanation:</u>

The production utilization is the use of the productive capacity of the firm. It shows the extent to which the production capacity of the firm can be used to produce the goods in the firm.

It shows the relationship between the output that has been produced with the equipment that has been installed in the enterprise. If the capacity of the firm is totally utilised, it is very efficient and can be used to produce the maximum amount of goods of that enterprise.

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3 years ago
Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and polit
balu736 [363]
<span>Foreign firms should seek this sorts of alliances, because making them is a good way to obtain knowledge of local markets; contrast this to a foreign firm attempting to start up a branch on their own, perhaps in the form of a greenfield venture. They would potentially have to figure out local market conditions from scratch, whereas a local company would potentially have years of successful experience and knowledge already at their fingertips.</span>
8 0
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elena-s [515]

Answer:

The answer is true

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The video streaming industry is vastly different from the DVD-by-mail rental industry. Curiously enough, one company has navigated both industries succesfully: Netflix was born as a DVD-by-mail service, and now is one of the most well-known streaming services.

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