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Answer:
B. The physical count of securities and cash
Explanation:
An objective is the business's goal and in order to see that the quantity would need to be in a physical sense to see growth over time.
Answer:
Actual price= $1.6 per unit
Actual price= $3.2 per set
Explanation:
<u>To calculate the actual price, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
400= (1.8 - actual price)*2,000
400= 3,600 - 2,000actual price
2,000actual price = 3,200
actual price= $1.6 per unit
Answer:
d) (ii) and (iv) only
Explanation:
A price ceiling is usually set by the government or an agency of the government. A price ceiling limits how high producers can sell their product. It sets the maximum price that can be charged for a good or service.
For a price ceiling to be effective, price has to be set below equilibrium price.
Because price is less than equilibrium price, the profits of producers would fall and producers would reduce supply. This would lead to an excess of demand over supply. This is known as a shortage.
I hope my answer helps you
Answer:
Total cost= $6,200
Explanation:
Giving the following information:
Job X23:
Direct material= 4,000
Direct labor= $1,200
The company uses a predetermined overhead rate of $10 per direct labor-hour. Job X23 involved 100 hours of actual direct labor.
First, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*100= $1,000
Now, we can calculate the total cost:
Total cost= 4,000 + 1,200 + 1,000= $6,200
