Answer: Not required to be accounted for by the short-cut method if using IFRS.
Explanation:
A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.
In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.
It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour.
A)
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance=(17 - 16.5)*2,800= 1,400 favorable
B) Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,000 - 2,800)*17= 3,400 favorable
C) Total direct labor variance= -1400 - 3400= -4,800 favorable
6.4%
200 from the 5% of 4000
140 from 4% on 3500
160 on 6.4% on 2500
Answer:
The correct answer is:
True (A)
Explanation:
Customer access strategy is a framework or a set of standards, guidelines and processes, which defines the means by which a customer and the organization can interact, and means by which the customer has access to:
- the relevant information needed to make purchases
- the right logistics for the execution of a purchase
The arear of access are mainly information (value of the product, price of products, how products work) and logistics (means of getting the products, customer service on the after-purchase needs etc).
It has been studied extensively that companies are spending 3 to 4 times as much money on creating customer access than they do on advertising, this is because even if advertising is successful, the results will not be seen if customer access is not successful, and having an efficient customer access strategy can provide a competitive advantage to the producers.
True, because the more variables the better
