Answer:
Unethical behavior
Unethical behavior refers to the actions of an individual that exist outside what is marked as morally proper or right for a profession, person and industry. The institute of management accountants has developed standards that must be maintained by the managers in order to face ethical challenges. These standards require managerial accountants to maintain their professional competence, preserve the confidentiality of the information they handle and to act with integrity and credibility.
Part 1)
In this case. Dale Miller is a new employee entrusted with the duties and responsibilities as a bookkeeper. Sue Peters is the supervisor. Dale has used office funds for his personal use thus violating the trust Sue and other managers had on him. An employee who has adopted such kind of behavior would fail to become trusted and valued employee of the company. Since. Sue hired Dale Miller and responsible for all the acts performed by Dale Miller. Therefore, it is ascertained that he should undertake termination of Dale Miller because he fails to comply with the policies pertaining to discipline in the organization.
Part 2)
In this case, when the supervisor Sue is a new employee and finds out a malpractice going on internally by an old employee. Thus under such condition Sue is required to discuss the issue with the immediate superior or supervisor. Unless Sue is able to get additional information pertaining to the issue, he would have warmed Dale Miller that such kind of behavior is not accepted in the future. Therefore, it is ascertained that Sue must have establish closer supervision and better control.
Answer:
Loss on Sale of Non-Current Asset is -$5,672.
Explanation:
The key points to remember here are:
- We compare Carrying Value (Cost - Accumulated Depreciation) with Selling Price to calculate gain/loss.
- Adelphi Company has used the machine for 4 years. So, deduct the depreciation of 4 years from the Cost of Machine.
- Double-Declining Rate is calculated as (1/10)*(2) = 20%. Multiply this rate with the Carrying value of each year to get the depreciation figure for next year.
I've attached a screenshot of my workings, I hope it will help you better understand the scenario. Thanks!
Answer:
$12,380
Explanation:
The beginning inventory is $9,150
The budgeted ending inventory is $10,420
The cost of goods sold is $11110
Therefore the budgeted purchases can be calculated as follows
= $10,420 + $11,110-$9,150
= $21,530 - $9,150
= $12,380
Hence the budgeted purchases is $12,380
That statment is true
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Answer:
Direct labor time (efficiency) variance= $2,080 unfavorable
Explanation:
Giving the following information:
Standard= 3 hours of direct labor per unit
The standard labor cost is $13 per hour.
During August, Hassock produced 9,000 units and used 27,160 hours
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13
Direct labor time (efficiency) variance= $2,080 unfavorable
