Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B
Explanation:
Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.
Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.
Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.
Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.
Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.
Voucher - An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.
A Standard Cost Variance is a difference between the actual cost incurred and the standard cost against which it is measured.
The main difference between normal costing and standard costing is that normal costing uses actual costs for material and direct labor costs, whereas standard costing uses predefined costs for these two items. That's it.
This difference between standard cost and actual cost is called variance. An unfavorable variance occurs if the actual cost is higher than the standard.
The main difference between marginal costing and standard costing is that marginal cost is a subset of standard cost and standard is a superset of marginal costing. Description: Standard costing is a costing method and there are two types of costing methods.
Learn more about Standard Cost Variance here: brainly.com/question/25790358
#SPJ4
Answer:
a. is weak-form efficient
Explanation:
A weak-form efficient market postulates that the present price of a stock reflects previous all data from past prices.
It suggests that no technical analysis can be of help to the investor.
This implies that fundamental analysis using historical prices and data of a stock can be used to predict stocks that are overpriced or underpriced.
So researching a company's financial statements gives an edge on predicting today's stock price.
Investors can make abnormal profit
Answer:
$2,400
Explanation:
The computation of the depreciation expense under the activity-based depreciation method is shown below:
= (Original cost - residual value) ÷ (estimated production units)
= ($12,000 - $4,000) ÷ (20,000 units)
= ($8,000) ÷ (20,000 units)
= $0.4 per unit
Now for the first year, it would be
= Production units in first year × depreciation per unit
= 6,000 units × $0.4
= $2,400
The three primary aspects
of a free market could include private ownership of everything for sale,
free-floating forces of supply and demand, and a man secretly in charge of
everything. <span>A free market economy is a type of economic system whereby supply and demand,
with a minimum of involvement on the part of a government drive the forward
movement of the economy.</span>
