Answer: C. before Zhou invested Sebie prepared a detailed business and sales forcast, and provided Zhou with copies.
Explanation:
The provision of the detailed business plan to Zhoue is to familiarize her with details of how the business will run and once she keeps track with this, it cannot be a basis for Zhoue to acuse Serbie of fraud.
An assertion by Serbia or clear declaration of having experience or working in floral retail to Zhoue is a basis for fraud.
The compensation of Zhoue with 25% return in the business which is less than her initial investment in the business is also a basis for fraud claim by Zhoue.
Answer:
the labor efficiency variance is $35,244 favorable
Explanation:
The computation of the labor efficiency variance is shown below:
As we know that
Efficiency Variance is
= Standard rate × (Standard hours - Actual Hours)
= $13.20 × (9.4 ×1,050 units - 7,200 hours)
= $13.20 × (9,870 hours - 7,200 hours)
= $35,244 favorable
hence, the labor efficiency variance is $35,244 favorable
C. A teacher (it is always good to consult an adult regarding rumors or school wrong-doings)
Excluded services are those services which health insurance companies do not pay for. Those services may be needed or necessary but they are not covered by the health insurance plan and the person concerned will have to pay for the service himself. Services that are not reasonable or necessary refer to those services which are not deem necessary in the treatment of a patient.
Answer:
A. The company paid a higher cost for the direct materials than allowed by the standards.
Explanation:
The following is a logical explanation for this variance:
Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.
