Question Completion with Options:
i. Line Organisation
ii. Staff Organisation
iii. Functional Organisation
iv. Committee Organisation Code
Answer:
The option that is not a standard organizational structure is:
iv. Committee Organisation Code
Explanation:
The organizational structure adopted by an entity reflects how some of its rules, roles, and responsibilities are directed between organizational levels in order to achieve its goals. The organizational structure also shows the information flows between different levels within the entity. Traditionally, organizations maintained hierarchical, functional, divisional, matrix, and flat organizational structures. Given current digitalization with its internet of things (IoT), more decentralized, network, and team-based organizational structures have emerged.
<span>meowner’s policy, installing smoke detectors helps to avoid risk. create risk. reduce risk. </span>
Answer:
C. $12,000 under the cash method and $4,000 under the accrual method
Explanation:
Under the cash basis of accounting, whenever an amount is received or paid, it is recognized in the books of accounts
Whereas, on the accrual basis of accounting, the cash received / payment or not it is recognized in the books of accounts. It is recorded when it is earned not when it is received or paid.
So, by this above information
The cash method would recognize $12,000 ($1,000 × 12 months)
Whereas
The accrual method would recognize $4,000 ($1,000 × 4 months)
We assume the books are closed on December, 31
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour.
A)
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance=(17 - 16.5)*2,800= 1,400 favorable
B) Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,000 - 2,800)*17= 3,400 favorable
C) Total direct labor variance= -1400 - 3400= -4,800 favorable
