<span>fayez can best be described as a </span>government accountant.
Government's accountant main duty is to make sure that the government's spending has been efficiently used.
This is similar to management accountant's main duty to make sure company's operation is according to the budgeting plan.
Answer:
$2,740,251.24
Explanation:
Applying power sizing technique or an exponential model to determine the cost of new boiler.
This model identify the cost variation along with change in capacity or power of the equipment.
Where,
Cb = Cost of new plant
Sa = capacity of new plant
Sb = capacity of old plant
x = cost capacity factor
Therefore,
= 2,000,000 × 1.3701
= $2,740,251.24
Hello!
I do believe the answer is B.
Hopefully this helped :)
Mark me brainilest if you get the chance .
Answer: C. real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion
Explanation:
Unplanned Inventory arises when Real GDP is larger than Planned Expenditure because it must satisfy the below formula,
Real GDP = Planned + Unplanned expenditure
For Option C,
Real GDP = 6.0 trillion,
Planned expenditure = 4.0 trillion
Unplanned Expenditure = Real GDP - Planned Expenditure
= $6.0 trillion - $4.0 trillion
= $2.0 trillion
Therefore Option C is correct as it led to a $2.0 trillion increase in Expenditure which translates to inventory.
Answer:
The journal entry is as follows:
Explanation:
Work in Progress A/c............................................Dr $198,000
Labor efficiency variance(unfavourable)...........Dr $9,000
Labor rate variance A/c........................Cr $4,600
Wages Payable A/c.................................Cr $202,400
Working Note:
Standard hour = Standard direct labor hours × (Standard hour - Actual hour)
= $2.2 × 5,000
= $11,000
Labor efficiency variance = $18 × (11,000 - 11,500)
= $18 × 500
= $9,000
Standard cost = Standard rate × Standard hour
= $18 × 11,000
= $198,000
Actual Cost = Actual rate × Actual hour
= $17.6 × 11,500
= $202,400
