Answer:
(1) $20,000 U
(2) $15,000 U
Explanation:
(1) Effect of the sales quantity variance on the contribution margin for November:
= (Budget dresses sold - Actual dresses sold) × (Budgeted contribution margin ÷ Budgeted dresses sold)
= (6,000 - 5,000) × (120,000 ÷ 6,000)
= $20,000 unfavorable
(2) Sales price variance for November:
= [(Budgeted sales ÷ Budget dresses sold) - (Actual sales ÷ Actual dresses sold)] × Actual dresses sold
= [(300,000 ÷ 6,000) - (235,000 ÷ 5000)] × 5000
= $15,000 unfavorable
Answer:
<em>(A). Law of 68 per cent </em>
range = mean + /- 1(standard deviation)
= 9 + / -1(10)
= 9 - 1(10) to 9 + 1(10)
= -1 to 19
<em>(B). Law of 95 per cent </em>
range = mean +/- 1.96(standard deviation)
= 9 +/- 1.96(10)
= 9 - 1.96(10) to 9 + 1.96(10)
<em>= -10.6 to 28.6</em>
<em>(C). Law of 99 per cent </em>
range = mean +/- 3(standard deviation)
=9 +/- 310()
=9 - 3(10) to 9 + 3(10)
<em>= -21 to 39</em>
Answer: D. At least every third audit
Explanation: According to the AICPA Professional Standards of auditing. Testing the operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year must be carried out at least every 3rd Audit.
This is done if the auditor plans to use audit evidence from a prior audit about the operating
effectiveness of specific controls. The auditor shall establish the continuing relevance of that
evidence by obtaining audit evidence about whether changes in those controls have
occurred subsequent to the previous audit.
Answer:
"Yes" will be the correct response.
Explanation:
- The dealership has been obliged to Edward since Edward as well as Dealer had written agreements stating that somehow Edwards may acquire their motorbike on the day before the fifteenth of June.
- The two parties offered and otherwise accepted as well as agreed in writing. That's because the contract remained valid, Dealer may be prosecuted as well for contravention.
Answer:
option "C" is the correct answer for the following statement.
A knowledge-based approach.
Explanation:
The Knowledge-Based Approach. Information-Based Training is a method that includes trying to adapt hypotheses, knowledge, and customs from a wide range of scientific fields and implementing them whenever suitable for the training engagement.
There were several benefits to portraying information directly through rules: Development and preservation.
