Answer: b. Inspection time
Explanation: Overhead allocation is required under the rules of various accounting frameworks and is defined as the apportionment of indirect costs (costs used by multiple activities which cannot be assigned to specific cost objects) to produced goods. Overhead allocation is quite significant because often times, it is substantially greater than the direct cost of goods.
The time spent for inspection which is vital to controlling quality, reducing manufacturing costs, eliminating losses and assigning causes of defective work etc. would be the most accurate measure of activity to use for allocating the costs of inspecting finished products as it is included in manufacturing overhead.
<span>Jean Piaget was a Swiss philosopher and psychologist who introduced a theory of cognitive development like Sigmund Freud Jean thought human development can be described in stages (of course leaving the sexuality part of Freud out). The stages are:
</span>Sensorimotor. Birth through ages 18-24 months (Explorer)
Preoperational. Toddler-hood (18-24 months) through early youth (age 7)
(<span> children learn to think abstractly, understand symbolic concepts, and use language etc.)
</span>
Concrete operational. Ages 7 to 12 (Understanding complexities)
Formal operations: Pre-adulthood through adulthood (H<span>ypothetical, and theoretical reasoning)</span>
you own 30% of the shares issued.
Answer:
Materials quantity variance = $2,350 F
Explanation:
Given:
Standard quantity = 3.7 kilos per unit
Standard price = $5 per kilo
Unit produced = 6,300
Total material = 23,780
Computation:
Materials quantity variance = (Actual quantity × Standard price) - (Standard quantity × Standard price)
Materials quantity variance = (23,780 × $) - (6,300 × 3.7 × $5)
Materials quantity variance = $118,900 - $116,550
Materials quantity variance = $2,350 F
