<h2>human element; collusion</h2>
Explanation:
Let us understand the act of collusion.
A secret agreement between two person or two parties to involve themselves in fraud act.
Here the situation is, the clerk has not received raise in salary. So he want to take revenge and has plan to sell the office items for his personal gain. So this is an act of collusion.
<u>Another real life example:</u>
A deal between supplier and retailer to increase the price illegally to have personal benefits.
Let us understand the term human element in a positive way
Human element is the organized way of approach by teams and individual to achieve organizational goals.
Answer:
Overhead= $3,212
Explanation:
Giving the following information:
Sigma Corporation applies overhead costs to jobs based on direct labor cost.
Job W, which is still in process at year-end, shows charges of $2,700 for direct materials and $4,400 for direct labor.
Job V:
$6,300 for direct materials.
$8,500 for direct labor.
$6,205 for overhead on its job cost sheet.
First, we need to calculate the overhead rate.
Overhead rate= 6205/8500= $0.73 per direct labor dollar
Job W:
Direct labor= 4,400
Overhead= 4,400*0.73= $3,212
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.
Answer:
- What is the estimated total audited value of the population using the difference method?
c. $201,000.
Explanation:
The difference method works as follows:
We have a popuation of 1,000 accounts .
The sample items have a mean book of $200 and a mean audited value of $203
We have a difference of $3
This difference it's applied to the population of accounts and we get a value of $3,000 (1,000 accounts * $3)
As the book value in the population it's $198,000, we add the difference previously calculated of $3,000
So, we have $198,000 + $3,000 = $201,000
Answer:
The conversion cost is $95,000
Explanation:
The computation of the conversion cost is shown below:
As we know that
Conversion cost
= Direct Labour + Overheads
where,
Direct labor is $24,000
And, the overhead is $71,000
Now placing these valeus to the above formula
So, the conversion cost is
= $24,000 + $71,000
= $95,000
Hence, the conversion cost is $95,000