Answer:
Possible causes of material quantity variance:
1. The use of sub-standard material
2. The use of unskilled labour
3. Wastage of material
Explanation:
Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance. The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material due to low quality of inputs also results to unfavorable material quantity variance.
Answer:
Option (b) 20
Explanation:
Data provided in the question:
TC = 0.1q² + 2q + 30
MC = 0.2q + 2
P = 6
Farmer is a price taker
Now,
Since, the farmer is the price taker.
Therefore,
the farmer is in perfectly competitive market.
Thus,
MC = MR = P
or
0.2q + 2 = 6
or
0.2q = 6 - 2
or
0.2q = 4
or
q = 20
Hence,
Option (b) 20
The revenue calculated shows they Harry should hire the second barber.
<h3>How to illustrate the information?</h3>
The revenue for one barber will be:
= $12 × 18 × 8
= $1728
The revenue for both barbers will be:
= $12 × 39 × 8
= $3744
In this case, there's more revenue and.he should hire the second barber.
Learn more about revenue on:
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Answer:
C. Evaluate whether internal controls operated effectively.
Explanation:
Given that, a test of details of the transaction is an activity or process carried out by auditors, which can be done together with the test of control. The purpose of the test of control is, however, to determine the effectiveness of internal control.
Hence, in this situation, the correct answer is option C: Evaluate whether internal controls operated effectively.
Answer:
Dr interest expense $5,756.25
Cr cash $5,250
Cr Discount on bonds payable $506.25
Explanation:
Amortization of discount=$10,125/10 years*6/12=$506.25
The 6/12 implies that the amortization takes place every six months instead of annually.
The semiannual interest payment=$150,000*7%*6/12=$5,250
The interest payment would be credited to cash $5,250 and debited to interest expense for the year.
The amortization of discount would be credited discounts on bonds payable and credited to interest expense account as shown above in the answer section
