Answer:
price variance 12,000 U
quantity variance 4,500 U
Explanation:
std cost $9.00
actual cost $9.20
quantity 60,000
These are givens so no calculation needed.
difference $(0.20)
price variance $(12,000.00)
The difference is negative, we purchase at a higher price, so the variance is unfavorable
std quantity 59500.00 (7 lbs per unit x 8,500 untis manufactured)
actual quantity 60000.00
std cost $9.00
difference -500.00
efficiency variance $(4,500.00)
The difference betwene standard lbs and the actual lbs used into production is negative, we use more lbs than standard. This variance is also unfavorable.
Answer:
Voluntary consent:
In the current case there exists an absence of the voluntary consent with respect to Mr Jerome because of over the top impact and coercion. Mr Jerome relies totally upon Mr Philip because of which the last could impact him. Mr Jerome can show that he didn't genuinely consent to the agreement so he can either hold fast to the agreement or pull back. Mr Philip had a great deal of impact over the old Mr Jerome and consequently could beat his free will. Under the current conditions the agreement was gone into under an excessive amount of impact and is voidable.
Answer: A) Prototype
Explanation:
The first model shown to entrepenuers are called prototypes
proto- before
Answer:
The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.
Explanation:
Production unit (november) = Sale unit + Desired ending inventory-Beginning inventory
= 36000 + (34000*30%) - (36000*30%)
= 35400 Units
Therefore, The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.
Answer:
Explanation:
1. True
Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.
Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.
2. False
Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective
3.True
Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control
4.False
Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.
