Answer: Option B
Explanation: Separation of duties refers to the process under which the organisation sets the duties of two people to complete a particular task. This is seen as an internal control which is done with the objective of prevention of fraud.
Thus, in the option B the company is separating the custody of assets from accounting and giving it to some other department also this will result to double monitoring of transactions.
Hence from the above we can conclude that the correct option is B.
Answer:
The correct option is C,the actual cost of materials was less than the standard cost.
Explanation:
Standard cost is the guesstimate cost of a process,material or item in a manufacturing outfit which is compared to actual cost such that variances between both can be further investigated.
In this case,favorable material purchase price variance is $380, while unfavorable materials quantity variance of $120, which implies that the net effect is a favorable material purchase price variance of $260($380 minus $120).
Intuitively,the closet option to the net variance impact, is that actual cost of material was less than the standard cost.
Answer:
8
Explanation:
2a + 4b
for a = -2 and b = 3
Substitute -2 in for "a" and 3 in for "b"
2*(-2) + 4*(3)
2*-2 = -4 and 4*3 = 12
-4 + 12 = 8
Ans: 8
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The owner will give the worker a certain percent of the income and the owner will take the rest
Explanation:the owner will give the worker a certain amount from the income he get he might give the employe 2% of what the income is each day or month of might give them a salary base on how much profit the worker contribute but the owner will alway be able to take the rest of the income after tax.